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Stock impact report

Spelling relief: Just two more rate hikes (so you may not need the Rolaids, after all) [Toronto Globe and Mail (Ontario, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Spelling relief: Just two more rate hikes (so you may not need the Rolaids, after all) Briefing highlights Spelling relief Some observers now believe the Bank of Canada will raise interest rates just two more times, and then call it quits. And even then, it won' t be until later this year, a relief to Canadians juggling heavy debts and those who would like to buy a home. Housing affordability will still be an issue in regions where prices are high, of course, such as the Vancouver and Toronto areas, but economists also believe the cost of a home will at least be steadier. Story continues below advertisement Bank of Montreal economists, for example, expect the Bank of Canada will raise its benchmark overnight in increments of one-quarter of a percentage point, in July and December, and forego any increases next year. Now at 1.75 per cent amid the central bank's caution, that would see the key rate peak at 2.25 per cent, below what had been expected until recently and also shy of its Show less Read more
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