Why Poloz should pull the trigger on another rate hike

A little more than a year ago, the Bank of Canada stopped worrying about Donald Trump’s Twitter feed and focused on real news.

“Life goes on and decisions must be made in the meantime,” Carolyn Wilkins, the senior deputy governor, said near the end of a speech in Winnipeg on June 12, 2017.

Four weeks later, the Bank of Canada raised interest rates for the first time during Stephen Poloz’s tenure as governor. It would do so again at its next opportunity in early September, putting...

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