Manulife Sees Canada Rate Hike Next Month as Inflation Pressures Build

A senior macro strategist at Manulife predicts that the Bank of Canada will likely increase interest rates at its next two meetings due to mounting inflation pressures, partly driven by the Middle East conflict potentially leading to broader price hikes. This move reflects growing concerns about inflation and the bank's efforts to maintain economic stability. Such rate hikes could have significant implications for both consumer borrowing costs and overall economic growth. For more details, check out the full article on Bloomberg.