After the last rate hike in July — the bank's first in seven years — futures contracts implied that traders thought there was a little better than a one in three chance of a rate hike today. As recently as a week ago, the odds of a hike today were down to just over one in four. "Since July 12 we've heard nothing from the Bank of Canada, in stark contrast to their significant efforts to signal the July hike," Reitzes said. But the best argument against a hike today, Reitzes said, is a bit of a technicality. Economist Derek Holt at Scotiabank is among those expecting a hike today.

Source: CBC News September 06, 2017 09:00 UTC