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Bank of Canada Governor Stephen Poloz speaks during a news conference in Ottawa, Ontario, Canada, October 19, 2016.

Here comes the Bank of Canada…

The Bank of Canada is widely expected to raise short-term borrowing costs Wednesday and leave the door open to further tightening.
Bank of Canada Governor Stephen Poloz speaks during a news conference in Ottawa, Ontario, Canada, October 19, 2016.

The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5%

Canada's central bank raised its key rate by 25 basis points to 1.5% on Wednesday, marking the fourth hike since last summer.

A July rate hike in Canada is ‘a lot less of a done deal’ after GDP slows

After economic activity in Canada slowed more than expected in the first quarter, some analysts say chances of the central bank raising its key rate next month are looking slim.