Forex Flash: BoC to justify tightening bias in the short term - Capital Economics (Barcelona) - Capital Economics team expects the Bank of Canada "to continue justifying its tightening bias next week on the basis of high household debt" they say, however, before year end, the team sees the central bank no longer talking up the rate hikes story; "The weak global backdrop and potentially severe housing market correction underway will mean sub-par 1% economic growth this year and next, with inflation staying close to the lower bound of the Bank's target range" they add.