Bank of Canada Sounds Neutral, but Rate Increase Anticipated

Dow Jones

Jul 15

1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

July 15, 2026 11:05 ET (15:05 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2651346498"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2651346498\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2651346498?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-15 23:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651346498","market":"nz","top_or_hot":-1,"title":"Bank of Canada Sounds Neutral, but Rate Increase Anticipated","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 11:05 ET (15:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of Canada Sounds Neutral, but Rate Increase Anticipated</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Canada Sounds Neutral, but Rate Increase Anticipated\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-15 23:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 11:05 ET (15:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXC","symbol_name":"加元ETF-CurrencyShares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651346498","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651346498","pubTimestamp":1784127900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027.  Dow Jones NewswiresJuly 15, 2026 11:05 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"FXC":"加元ETF-CurrencyShares","FLCA":"Franklin FTSE Canada ETF"},"translate_title":"加拿大央行听起来中立，但预计加息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FXC":1.5,"FLCA":1.5},"content_text":"1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027. (robb.stewart@wsj.com; @RobbMStewart) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 15, 2026 11:05 ET (15:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}