Bank of Canada to Raise Rates in Third Quarter Next Year, Possibly Sooner: Poll

Bank of Canada to Raise Rates in Third Quarter Next Year, Possibly Sooner: Poll
Bank of Canada Governor Tiff Macklem takes part in an event at the Bank of Canada in Ottawa, Canada on Oct. 7, 2021. Blair Gable/Reuters
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BENGALURU—The Bank of Canada will raise rates as early as the third quarter of next year, at least three months earlier than previously expected, according to economists polled by Reuters who see a risk that the increase could come even sooner.

Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later.