BoC will consider interest rates this week

Uncertainty has become the only real certainty in the economy in recent months and that extends to the question of interest rates. The Bank of Canada will this week decide whether to make a move and cut interest rates to 0.25 per cent or even zero.

Most analysts are not expecting a cut though. The economy has improved since the start of the year including upward trending of the loonie and higher export figures. That may well be enough to prompt the BoC to hold course Wednesday, rather than risk increasing household debt and sky-high housing markets by making lending cheaper.

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