On The Eve Of The BoC Meeting…

Bank-of-Canada 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:

The BoC has four rate decisions left this year, including tomorrow’s.  We’ll report on the Bank’s announcement just after 9:00am ET.

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