The Bank of Canada has some difficult realities to weigh ahead of its Jan. 26 interest rate decision.
Canadian businesses reported widespread challenges with supply chains, labor shortages and their ability to meet strong demand in a Bank of Canada survey that will stoke worries about inflation and fuel expectations of a rate hike as early as next week.
Manufacturing sales rose 2.6 per cent to $63.1 billion in November, even as flooding in B.C. caused disruptions at more than a quarter of factories across Canada, Statistics Canada said Monday.
The Bank of Canada is getting a pair of key indicators this week ahead of a rate decision next Wednesday that's virtually a coin toss, as far as markets are concerned.
This is shaping up to be a crucial week for the Bank of Canada ahead of its rate decision next Wednesday.
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