Bank of Canada likely to raise rates again Wednesday — but should it?
The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, it'll be the eighth time in a row that the bank has opted to hike its benchmark rate, which makes borrowing money more expensive for consumers and businesses. But for the first time in almost a year, there isn't a solid consensus among those who watch the central bank that another hike is in the cards — or even whether one should be. The bank is locked in a battle to wrestle inflation into submission, and it believes rate hikes are the best ... (full story)