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BoC: Too soon to discuss wildfire impact on rates

May 10, 2016 4:28 AM ETEWC, CNDA-OLD, EWCS, FCAN, QCAN, HEWCBy: Yoel Minkoff, SA News Editor
  • It is too early to assess precisely the economic impact of the Alberta wildfire, according to the Bank of Canada, adding that it will have more to say in its interest rate decision later this month.
  • Markets have ratcheted up the odds of a Canadian rate cut by year-end as the blazes disrupt oil production, but economists say the temporary interruption alone is unlikely to force the central bank's hand on May 25.
  • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC

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