Market observers are pegging the Bank of Canada’s next hike to be at least 0.5%, with a new poll from the central bank indicating that as much as 70% of business executives are expecting inflation to remain above 3% over the next two years.
CIBC is now anticipating that the BoC will hike its overnight rate by 0.5% this month, followed by an even sharper 0.75% increase in June, one more 0.5% hike in September, and followed by two 0.25% upticks in 2023 to end up at 2.25% by June next year.# SANDI HALOPERN # SOLD # LEASED INTEREST RATES # REAL ESTATE MARKET
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