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Scotiabank forecasts increase by 25bps

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Blog by Bettina Reid | April 9th, 2010

Scotiabank is forecasting that the Bank of Canada will likely raise rates by 25 bps on June 1, 2010. It will be interesting to see if they are right. Considering how close to the July 1st date the Bank of Canada promised, I can see it being very likely Scotia's forecast to come true. I guess we will see soon enough.