Interest rates are on the way up. But a strong economy driven by North American trade could help Canada adjust to gradual rate increases. But Powell said in the following years, interest rates would rise more steeply than previously expected, possibly reaching 3.4 per cent by 2020. U.S. Federal Reserve chair Jerome Powell raised interest rates yesterday but was circumspect about the central bank's ability to predict the future. Trump's calls for a trade war have made the business community nervous, but there are signs cooler heads will prevail.

Source: CBC News March 22, 2018 07:52 UTC