8 January 2018

According to RBC economist Josh Nye, the jobs numbers “increase the odds for a rate hike by the central bank at its next meeting”.

Bank of Montreal was the only one to keep waiting. Economist Robert Kavcic said the BoC could increase the rate in case the Bank’s survey, released on Monday, also showed strength. “We’ll see what the Business Outlook Survey shows,” – he noted.

The survey results were released on Monday and found that overall business conditions in Canada had practically returned to the summer’s high level. It means we can say that all six banks expect the BoC to raise its overnight rate on January 17.