The decision "implies that absent a significant shock, Wednesday's rate increase will be part of a larger and longer march towards interest-rate normalization", said Brian DePratto, TD Bank economist.
Furthermore, the central bank said it would pay "close attention" to how the economy responds to higher borrowing costs, given households have accumulated record levels of debt.
The come-from-behind economic recovery in Canada may be partly chalked up to fiscal stimulus more easily achieved in Ottawa than in gridlocked Washington, as well as the willingness of banks to lend, said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital Markets.
Recent better-than-expected data supports the view that growth is more "broadly-based and self-sustaining", the bank said, citing more "widespread strength" in business investment and exports, and "stronger-than-expected indicators of growth" globally.
Canada's biggest banks are poised to benefit from a surprise interest rate hike on Wednesday, with Royal Bank of Canada's (TSX:RBC) chief executive pegging the revenue bump at upwards of $300 million over five years.
The markets weren't anticipating an interest rate hike quite yet.
Mnuchin: Debt limit should be tied to Harvey funding
So, we need to put politics aside and we're going to be urging Congress to get both of those things done as quickly as they can. Mnuchin's spending-debt ceiling pitch resulted in a quick and favorable response from Congress's top two Democratic leaders.
U.S. successfully tests shooting down ballistic missile
The military has conducted three tests in total, but during a test in June, the interceptor failed as a result of human error. Sailors aboard the destroyer USS John Paul Jones tracked it with radar and fired an interceptor missile to shoot it down.
Others predicted the bank would refrain from moving the rate out of concern such a move would drive up an already strengthening Canadian dollar and pose a risk to exporters. That marked the central bank's first rate hike in seven years.
Canada's currency climbed as much as 1.8 per cent after the decision, reaching $C1.2146 against its United States counterpart, the highest intraday level since June 2015, and extending the gain this year to 10 per cent.
What that all means, of course, is that anyone who's overextended on credit - and has been relying on historically low interest rates to keep afloat - could very quickly be in trouble. The next announcement is slated for October 25th, when the bank will also release its latest Monetary Policy Report. Given that overnight swaps had only afforded a 44 percent probability that the central bank would move at today's meeting, the Canadian Dollar responded with an abrupt rally as its yield advantage leveraged the general appetite for return and risk appetite. It said the Canadian dollar has appreciated - roughly 10% in past three months - and that reflected both domestic strength and weakness in the US currency amid "significant geopolitical risks and uncertainties around" the renegotiation of the North American Free-Trade Agreement, and USA fiscal policy. The suggestion is the Canadian dollar gains aren't totally reflective of growth.
Future monetary policy decisions are not predetermined and will be guided by incoming economic data and financial market developments as they inform the outlook for inflation.
It noted that inflation remained below its 2.0 percent target, but said there is still some excess capacity in the labor market, and wage and price pressures "are still more subdued than historical relationships would suggest".
Hurricane Harvey has wreaked havoc in Texas along the Gulf Coast, causing oil refineries to pre-emptively shut down production. A gas shortage in the USA could spill over into Canada, McTeague told Global News .
Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17 per cent from the previous quarter. Khosrowshahi also revealed how Kalanick insisted that all of their phone calls were carried out over FaceTime.
The next year, Torrence won a silver medal competing for Team USA in the 5,000-meter at the 2015 Pan American Games in Toronto. On the track, he was the 2009 US indoor champion in the 3,000-meter, and later went on to a record-breaking 2014 season.
Trump has been a vocal opponent of the deal, which he and his conservative supporters criticize as being too soft on Iran. An Israeli military strike may be the only option left to effectively derail Iran's nuclear program, former U.S.
Those who have purchased tickets to the game can get a refund; if not, the money will still go to the relief fund. The Dallas Cowboys confirmed that Thursday's preseason finale with the Houston Texans has been canceled.
The two new lawsuits claim the ban violates the Fifth Amendment's due process clause and discriminates on the basis of sex. Army who has served for more than 12 years; the Human Rights Campaign; and the Seattle-based Gender Justice League .
Mikel Obi , Ondion Igalo, Victor Moses and Iheanacho were the goal scorers for the Nigerians on the day. Nigeria's Super Eagles have secured a big victory over neighbouring Indomitable Lions of Cameroon .
Given that more than 50% of the company's revenues are generated by the iPhone, it's disturbing news, especially for shareholders. Their sources confirmed that the company will be unveiling three iPhones, one of which will be the highly anticipated iPhone 8 .
There are several snake references through the video - apparently a recurring motif for her forthcoming new album reputation . The dancers helped keep Taylor's song and video top secret before she released it over the weekend.
The 44-person medical team will join 36 current Nebraska National Guard crew members now working in relief efforts. The Indiana National Guard will lend its help to those affected by Hurricane Harvey in Texas.
The Mountain View California-based tech giant at its I/O keynote announced that its Google Assistant will be available on iOS. Google this week is announcing a series of partners who are bringing its Google Assistant technology to their smart speakers.
President Donald Trump will start his campaign to reform the nation's tax code Wednesday with a speech in Springfield, Mo. According to the Springfield News-Leader, company executives contributed to Trump's presidential campaign previous year .
He said, "Post-demonetisation that number went close to 54-55 per cent but it has now come back to 45-46 per cent". The RBI yesterday said about 99 per cent of Rs 15.44 lakh crore demonetised currency came back into the system.
Pat Cummins scored an unbeaten 33 down the order to inject some drama but it was not enough as Australia were all out for 244. He was also given a steady support from Australian skipper Steven Smith, who fell right after Warner's dismissal, for 37.
Increases in personal consumption expenditures (PCE) and in nonresidential fixed investment were larger than previously estimated. The economy grew 2.1% in the first half of 2017 but economists said it was unlikely growth this year would meet Trump's goal.
No attorney was listed for Hupperterz, and his preliminary hearing is scheduled for September 20, according to court records. Burleigh was killed in Philadelphia, Ryan said, and the crime did not appear to be premeditated, the police source said.
In 2008, Hurricane Ike forced the Astros to shift a pair of games against the Cubs from Houston to Miller Park in Milwaukee. Plus, Rangers general manager Jon Daniels suggested it would have been unfair to fans with tickets to the September series.
An industry insider has revealed on Weibo that the Snapdragon 845 chipset would be powering the Mi 7 flagship phone. It is also possible that the handset will receive a dual-camera setup and a special 3D facial recognition scanner.
With Payne taking a starring role, Alabama allowed just 40 rushing yards (on 27 carries) to the Seminoles Saturday night. On the ensuing kickoff, freshman Dylan Moses caused Keith Gavin to fumble, and Keith Holcombe recovered at the FSU 11.
The Lenovo-owned company recently launched the Moto G5S Plus, featuring a 5.5-inch FHD display and a dual-camera setup. The smartphone was spotted on the Samsung Thailand website revealing specifications , price, and availability as well.
After President Donald Trump appointed Pai chairman, he's been moving to throw out existing net-neutrality rules. As is standard , comments must be filed by midnight Eastern time on the date of the deadline.
Hundreds of firefighters, backed by water-dropping planes and helicopters, were battling the flames in triple-digit temperatures. Authorities soon ordered mandatory evacuations, street by street, for neighborhoods in Burbank closest to Verdugo Mountain Park.
The smartphone also has support for Master Quality Authenticated ( MQA ) technology for high-resolution audio streaming. The LG V30 is finally powered by the Snapdragon 835 chipset coupled with 4GB of RAM and 64/128GB of on-board storage.