A Bank of Canada rate hike is back in play after Tiff Macklem warned against moving too slowly as oil-driven inflation nears 3% ahead of the Oct. 28 decision.
Traders now price a Bank of Canada rate hike for Oct. 28 as close to a coin flip after oil and bond yields climbed. What it means for mortgages and savers.
A lender’s mortgage rate forecast says the Bank of Canada will hold at 2.25% through 2026, while an oil shock lifts bond yields and fixed rates.
