Interest rate speculation
A new Yahoo Canada/ Maru Public Opinion poll finds Canadians speculating that the Bank of Canada will likely push past its new prime interest rate level of 4.50% to an average of 4.80% before meeting its goal of bringing the annual inflation rate down to two percent. But, not unexpectedly, the results also reveal a majority (57%) of Canadians aligning with the Bank’s decision to hit the pause button on any further hikes until it assesses the cumulative impact of the interest rate increases it has levied since March 2022.