25 May 2011

It should be noted that earlier this year RBC forecasted several rate hikes in 2011: in July, September, October and December. For now July hike is very unlikely.
“Because of certain downside risks to Canadian domestic growth in the second quarter, the central bank may remain on the sidelines a bit longer than we previously thought,” – Desjardins said. “Another complicating factor is the global development trend with the European debt crisis and its possible effects on Canada and the U.S”.