According to a recently conducted Reuters poll, the Bank of Canada is expected hike its policy rate on July 11 as the rising inflation counters concerns regarding Trump administration’s trade policy. “The July decision is about rising trade tensions versus strong domestic momentum. If the BoC continues with its current approach of assuming that current trade arrangements will be maintained, the threat of auto tariffs and further trade tensions between the U.S. and China are unlikely to play a major role in the July 11th decision,” Sebastien Lavoie, chief economist at Laurentian Bank, told Reuters. “While Canada’s dollar is expected to climb over the coming year, currency strategists in a separate Reuters poll were less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes,” Reuters reported. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BofA: Oil market has little confidence that Iran volumes can be easily replaced FX Street 4 years According to a recently conducted Reuters poll, the Bank of Canada is expected hike its policy rate on July 11 as the rising inflation counters concerns regarding Trump administration's trade policy. "The July decision is about rising trade tensions versus strong domestic momentum. If the BoC continues with its current approach of assuming that current trade arrangements will be maintained, the threat of auto tariffs and further trade tensions between the U.S. and China are unlikely to play a major role in the July 11th decision," Sebastien Lavoie, chief economist at Laurentian Bank, told Reuters. "While Canada's dollar is expected… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.