Bank of Canada rate hike still seen a year away despite economic slump and election

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Policymakers, who make a decision tomorrow, are in a trickier spot after economy\u0027s surprise contraction

Canadian policymakers were forecast to keep interest rates unchanged at the Sept. 8 meeting, according to all 34 economists in the wider poll.

But policymakers are now in a trickier spot, at least in the near-term, with a surprise economic contraction of 1.1 per cent reported for the second quarter, well below their expectation for 2.0 per cent growth.Article content

 

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Omg man! Raise the interest rate

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