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Bank of Canada hikes rates, shrugging of trade tensions

Reuters  |  OTTAWA 

By Andrea HopkinsOTTAWA (Reuters) - The Bank of Canada raised interest rates on Wednesday as expected and signaled more rate hikes to come, saying that while mounting trade tensions with the United States were a concern, their impact on growth and inflation looked modest so far.The fourth rate increase since July 2017 comes as Canada grapples with the pressures of rising inflation and solid job growth despite an increasingly hostile U.S. trade policy that could choke off demand from Canada's largest export market.Governor Stephen Poloz said that while it was not easy for policymakers to set ...

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First Published: Wed, July 11 2018. 22:59 IST