Rising Odds of a Bank of Canada Rate Hike Add Pressure on Housing Market

Coverage indicates that the odds of a Bank of Canada rate hike have increased, although the bank has not raised rates since July 2023. Many analysts expect rates to be held for the eighth consecutive time next week, while a growing number of economists and traders expect a hike.

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• The Bank of Canada has not raised interest rates since July 2023.

  «The Bank of Canada has not raised interest rates since July 2023.»

  CBC • CBC.ca on MSN
• The bank is widely expected to keep interest rates unchanged for the eighth consecutive time next week.

  «an eighth-consecutive hold is widely-predicted next week»

  CBC • CBC.ca on MSN
• A growing number of economists and traders expect a rate hike in the coming period.

  «a growing number of economists and traders are now expecting the»

  CBC • CBC.ca on MSN
• CBC coverage described the state of the Canadian housing market as being in a "bad state" as the odds of a hike rise.

  «Canadian housing market 'on its knees' as odds of Bank of Canada rate hike rise»

  CBC • CBC.ca on MSN

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