BoC: 25bp rate hike coming - TDS

The Bank of Canada will announce its policy decision at 10:00 ET and analysts at TD Securities are looking for a 25bp rate hike along with most forecasters.

Key Quotes

“We look for the Bank to retain an upbeat tone on economic conditions and continue to emphasize a gradual and data dependent approach to rate hikes going forward.”

“A press conference with Governor Poloz and Senior Deputy Governor Wilkins will follow the decision at 11:15 ET.”