Is the Bank of Canada considering an interest rate hike in May?

“Does the OECD know something that Canadian economists do not? The simple answer: Not likely.  In recent global forecasts, the Organization for Economic Co-operation and Development has predicted the Bank of Canada would begin hiking its key interest rate earlier than private-sector analysts in this country would have ventured,” wrote Gordon Isfeld for the Financial Post on Tuesday.

Isfeld continued, “The Paris-based group did it again on Tuesday, stating matter-of-factly in its twice-annual Economic Outlook that the central bank’s policymakers would begin bumping up borrowing costs “in late May of 2015” — many months ahead of when economists here had penciled in for the first rate move in more than four years. Read the full article here | Raymond Matt, CFP, CLU, TEP, CHS  

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