The Bank of Canada has indicated its future rate decisions will be driven by economic data, but that it is “still prepared to be forceful” should the need arise. Deputy Governor Sharon Kozicki made the comment during a speech on Thursday, in which she spoke about this week’s rate decision and the Bank’s shift towards becoming more “data-dependent.” “We indicated that going forward, we will be considering whether to increase rates further. By that, we mean that we expect our […] 

The Bank of Canada has indicated its future rate decisions will be driven by economic data, but that it is “still prepared to be forceful” should the need arise. Deputy Governor Sharon Kozicki made the comment during a speech on Thursday, in which she spoke about this week’s rate decision and the Bank’s shift towards becoming more “data-dependent.” “We indicated that going forward, we will be considering whether to increase rates further. By that, we mean that we expect our  Mortgage Rates & Mortgage Broker News in Canada