Sean Kilpatrick: Rate-Hiking Cycle and Stephen Poloz

sean kilpatrick: Stephen Poloz, Governor of the Bank of Canada, has diluted his previous enthusiasm about the economic outlook and prompted some analysts to ask whether his rate-hiking cycle is already over, according to The Toronto Star. Sean Kilpatrick / THE CANADIAN PRESS As oil falls and a potential U.S-China trade war threatens the global expansion, investors are fully pricing in just one more increase from the Canadian central bank over the next two years. Governor Stephen Poloz's effort this week to dilute his previous enthusiasm about the economic outlook is prompting some analysts to ask whether his rate-hiking cycle is already over after five increases since the middle of 2017. It would only take a small disappointment economic growth falling slightly below 2 per cent, for example to eliminate even those chances. What's changed is that Poloz no longer sounds as confident as he once did about whether the economy is running into production constraints that would risk fanning inflation, which is already at the central bank's target. My bet is the BoC is done, period, David Rosenberg, chief economist and strategist at Gluskin Sheff Associates Inc., told clients in a report this week. (news.financializer.com). As reported in the news.