For all the complaints that Bank of Canada Governor Stephen Poloz has a communication problem, the Bank sent clear signals that it will probably take a break from raising rates
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
Econo-metrics: With the Bank of Canada raising interest rates, the big banks have been quick to follow suit. That never seems to happen when rates are falling.