23 May 2014

“In our opinion, it could make the central bank tone down its focus on downside risks to inflation, which has caused the BoC’s neutral bias, at the next rate meeting on June 4,” – noted said Mark Chandler, head of Canadian FIC Strategy at RBC Dominion Securities.

We will watch closely and update you on any news that influence Bank of Canada decision, since all variable rate mortgages and most credit lines depends on Prime rate and subsequently on overnight rate managed by Bank of Canada.