Higher than expected inflation, strong retail sales and the fact that Canada is leading the economic recovery are just some of the reasons we may see a rate hike when the Bank of Canada meets June 1st. Domestically speaking all signs point to a rate increase of probably .25%. The record low interest rate is of .25% is too low considering our economic position the past few months, and was kept there this past year as an emergency action to stimulate consumer spending.
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