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Bank of Canada raises rates, says more hikes to come

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 and the bank's relatively sanguine view of the trade risk boosted the Canadian dollar to its strongest in nearly four weeks, and economists said they expected the central bank to hike again by year end."At first blush, it's a little bit more optimistic or hawkish than I would ...

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First Published: Wed, July 11 2018. 22:04 IST
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