More speculation that Bank of Canada is preparing to raise interest rates

Bank of Canada Governor Stephen Poloz holds a press conference at the National Press Theatre in Ottawa on Wednesday, Oct. 23, 2013. (Sean Kilpatrick / THE CANADIAN PRESS)

By The Canadian Press, July 4, 2017 

OTTAWA — Speculation that the Bank of Canada is preparing to raise its key interest rate continued to ramp up after governor Stephen Poloz’s latest comments to a German newspaper published Tuesday.

While talk about a possible rate hike by the Bank of Canada has increased, inflation in Canada has remained low.

However, Poloz said in the interview with Handelsblatt last week that there is a substantial lag between when the economy approaches full capacity and when that begins to translate into inflation.

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