
Experts forecasting the central bank will raise the key interest rate by a quarter of a percent
The Bank of Canada is expected to raise interest rates on Wednesday, but economists say it will probably be the last rate hike for awhile.
Many commercial banks predict the central bank will increase its key interest rate by a quarter of a percentage point.
This would bring it to four and a half percent.
Desjardins economist Royce Mendes says the central bank will likely justify the rate hike by pointing to inflation and the labour market.