Expect a rate hike and more mellow Bank of Canada this week. (No, not mellow just because of that) [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Briefing highlights Bank of Canada expected to raise key rate What to expect from statement, report Global markets on the rise so far New York poised for stronger open Canadian dollar below 76.5 cents Microsoft, Twitter earnings: What to watch for What else is on tap this week Rotating strikes hit Canada Post A mellow rate hike Expect a more mellow Bank of Canada to raise interest rates again this week. No, the mellow feeling won’t come from last week’s legalization of recreational marijuana, although that will affect economic growth marginally. Rather, it will come from the recent deal among Canada, the United States and Mexico to overhaul the old North American free-trade agreement. Story continues below advertisement Wednesday marks the first rate decision since the three countries struck the new U.S.-Mexico-Canada Agreement, or USMCA, and the central bank is widely expected to raise its benchmark by one-
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