Bank of Canada Unlikely to be as Aggressive as Markets Expect
Dow Jones
1 hour ago
0810 ET - Central 1 Credit Union anticipates the Bank of Canada will raise interest rates twice, and won't make its first move until early next year, despite financial markets pricing in a more aggressive rate cycle. Economist Bryan Yu says the country is in a period of high uncertainty and the outlook is fluid, with soaring bond yields, tariff impacts and high oil-price volatility. Canadian core inflation remains near 2% and economic growth is likely to slow in late 2026 with trade uncertainty, with higher bond yields tempering a housing-market recovery, Yu notes.
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