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No one doubts the Bank of Canada will raise interest rates again soon. The country’s economy has turned out to be much stronger than anyone was predicting only a few months ago, giving policy makers scope to bring rates back up to more normal levels.

The only debate is whether Governor Stephen Poloz will move at Wednesday’s meeting or wait until October, and whether current projections for as many as three more rate increases by the end of 2018 are too conservative.

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Economists are primarily in the wait-a-month camp — only five of 26 surveyed by Bloomberg News expect the central bank to hike its 0.75 per cent benchmark rate this week.

Investors are hedging, with traders assigning a 57 per cent chance of an increase.

The main benefit of waiting until the October decision, which coincides with new quarterly forecasts and a press conference, is that it gives Poloz time to provide more direction to investors about how he sees the data, presumably to limit unnecessary market volatility. At Wednesday’s decision, all investors get is a press release of about 300 words.