Every major economist in the country expects the Bank of Canada to hike its key lending rate by 1/4% tomorrow (19 out of 19 economists to be exact, according to a Bloomberg survey).
What economists are most interested in, however, is how the BoC’s statement will read. If it’s overly cautious we might see a drop in yields (which is good for mortgage rates). If the statement has a more positive economic tone, then yields could rise. Here’s more on that from: