Bloomberg: The Bank of Canada is likely to hike interest rates due to concerns about the inflation risk posed by the cost of energy.
Markets and economists expect policymakers to increase the overnight rate to 2.5% as the central bank is worried about higher oil prices bleeding through to the prices of other goods and services.
The economy is still struggling to find its footing, with the labor market shedding jobs and US tariffs creating headwinds for some sectors, but policymakers appear to be less worried about downside risks…