Officials in the PMO reportedly aren’t happy that interest rates are rising. Bill Morneau needs to forcefully signal his confidence in the Bank of Canada, now.
Econ-o-metrics: The Bank of Canada’s critics will say stubbornly low inflation means the latest rate hike was a mistake. But it might just mean the bank waits longer until the next hike.
The Bank of Canada’s decision to increase interest rates, while necessary, will put upward pressure on the loonie, making life more difficult for exporters