Bank of Canada signals interest rate hike

(April 18, 2012) -- "Today’s commentary did not provide any clearer read on the timing of the first rate hike," said Desjardins. "However, the combination of an upgrade to Canada’s 2012 growth forecast, earlier closure of the output gap, and levelling out both the core and headline inflation rates around 2 percent tipped the balance for the gradual withdrawal of policy stimulus, through higher interest rates that are to begin later this year."