Both the Bank of Canada and the U.S. Federal Reserve say they are really, really going to raise interest rates very, very soon.
But in separate news conferences on Wednesday they made it clear that neither of them are ready to do it just yet.
With the Canadian dollar surging above 80 cents US last week, there were a lot of people convinced that Tiff Macklem, governor of the Bank of Canada, was going to move first and hike rates this week. He didn’t.
The delay in a Canadian rate hike that so many had expected was described by one analyst as a “policy misstep” that could fan
