WHEN WILL THE RATE INCREASES BY THE BANK OF CANADA COME TO AN END?

 With Bank of Canada raising its key borrowing rate to 4.75% in early June, it’s only a matter of time before the institution puts a cap on its series of rate hikes – and the hard stop might come sooner than expected, according to economists polled by Bloomberg.

The central bank is anticipated to increase its policy rate to 5% by the third quarter of this year to reach its highest point since 2001, per Bloomberg’s latest monthly survey of 25 economists.