A poll of analysts by Reuters reveals little expectation that the Bank of Canada will make any moves on interest rates in the next 12 months. Despite concerns about the continued impact of the reduced energy sector, exacerbated by the wildfires, there is unlikely to be another cut in interest rates the experts say.

In fact, the poll shows that most analysts predict that the next change to Canada’s interest rates will be upward, although not until the third quarter of 2017 at the earliest.

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