Bank of Canada to raise rates Wednesday - WSJ Survey

Omkar Godbole FXStreet Contributor

Economists from 10 of 11 primary dealers of Canadian government securities surveyed by the Wall Street Journal (WSJ) expect Bank of Canada (BOC) to raise rates by 25 basis points today to 1.25 percent from 1 percent.

Economists believe that a strong labor market, upbeat inflation will overshadow risks posed by potential US withdrawal from NAFTA.

WSJ says the 11th primary dealer - HSBC Canada - did not participate in the survey.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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