BoC to hike rates by 25bp - TDS

Analysts at TD Securities are looking for the Bank of Canada to hike rates by 25bp at the October meeting, in line with most forecasters.

Key Quotes

“We look for the policy statement to retain an upbeat tone, reflecting increased optimism on the resolution of trade tensions and a general improvement in the data over the last few months. Meanwhile the recent moderation in inflation pressures should allow the BoC to repeat its forward-looking components to the statement.”