Bank of Canada Weighs Rate Hike as Inflation Risks Rise

The Bank of Canada's next move is uncertain, but there are indications that a rate hike might be on the horizon.

According to the bank's recent statements, inflation is becoming more likely to heat up, and upside risks have increased.

This is in line with expectations from some analysts who believe that the Bank of Canada will raise interest rates before the end of the year.

A recent statement from the Bank of Canada mentioned that 'wages are the bridge between the labour market and inflation', suggesting that wage growth could be a key factor in determining the bank's next move.