BoC: higher interest rates will be warranted to keep inflation near target

Market news

30 May 2018

BoC: higher interest rates will be warranted to keep inflation near target

Canada Q1 economic activity 'a little stronger' than projected
Core measures of inflation near 2%, reflect economy close to potential
Data suggest some upside to U.S. economic outlook
Trade policy uncertainty dampening global investment
Stresses developing in some emerging market economies
Will continue to assess economy's sensitivity to rate rises
Recent data supports BoC's outlook for 2% growth in H1

The Canadian dollar rose sharply against the US dollar after the Bank of Canada signaled higher interest rates. USD / CAD lost about 130 points, having updated three-day lows, and is currently trading at C $ 1.2890

The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent

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