CIBC chief said negative interest rates are an issue and questions loom about how trade wars will unfold.
The central bank left its interest rate unchanged last month.
The BoC decided not to increase interest rates.
The rate remains at 1.75 per cent; the BoC has been on a gradual rate-hiking path.
The rate is now higher than it’s been in about a decade.
Fed may be signalling its resolve to keep raising rates.
Household debt has been identified as key vulnerability.
US experienced a 4.1 per cent annual growth rate in Q2 2018, but economists warn it’s unsustainable.
The rate hasn’t been this high since December 2008.
Bank of Canada governor Stephen Poloz hasn’t touched the rate since he increased it in January, a move that followed increases last year in September and July.
Projections will include fallout from US steel and aluminum tariffs as well as retaliatory measures by Canada and others.
Next scheduled rate decision set for July 11.
BMO, Bank of Nova Scotia, CIBC, National Bank of Canada, Royal Bank of Canada, TD named in the action.
Due to uncertainties, Bank of Canada governor warns there could be more surprises ahead – in “either direction.”
Loonie jumps more than a cent to over 82 cents US, up 14% from a low of roughly 73 cents in April.