In a recently published article, Bloomberg’s Theophilos Argitis argues that Bank of Canada Governor Stephen Poloz can’t hold off raising interest rate any longer as businesses warn of wage pressures and inflation remains above the central bank’s target. Nonetheless, according to the author, Poloz won’t be in any hurry after this week’s decision amid the possibility of a real trade war with the United States and will wait and see how the macroeconomic data evolves. “The message is that the Bank of Canada sees the need for higher rates but has also made clear it needs to get sufficient economic data to confirm the economy can live with it. There is no preset calendar to higher rates and how fast they come will depend on how well the economy does,” Avery Shenfeld, chief economist at CIBC World Markets Inc., told Bloomberg. 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 EUR/CHF to benefit from low volatility – Nomura FX Street 3 years In a recently published article, Bloomberg's Theophilos Argitis argues that Bank of Canada Governor Stephen Poloz can't hold off raising interest rate any longer as businesses warn of wage pressures and inflation remains above the central bank's target. Nonetheless, according to the author, Poloz won't be in any hurry after this week's decision amid the possibility of a real trade war with the United States and will wait and see how the macroeconomic data evolves. "The message is that the Bank of Canada sees the need for higher rates but has also made clear it needs to get sufficient… 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.
