Bank of Canada expected to raise interest rate for fifth time

(CTV) Inflation appears to have peaked but it's still running hot and a supersized rate hike from the Bank of Canada next week is widely expected. Some economists think Wednesday's hike could be the last for a while. "We think that by the time October comes around, we might be in a good enough position for the bank to take a pause and look at how the economy is reacting," said Karyne Charbonneau, CIBC's executive director of economics.-- More...