Bank of Canada rate hike view pushed to last quarter of 2014

The Bank of Canada’s next interest rate hike won’t come until the fourth quarter of 2014, according to a Reuters survey that saw economists push back forecasts for the next tightening due to the economy’s tepid growth and low inflation.

All 34 economists polled by Reuters expect the central bank to leave its benchmark rate unchanged at 1 percent on May 29, when it announces its next scheduled rate decision.

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