- Manulife's senior macro strategist Dominique Lapointe told investors the Bank of Canada will likely raise interest rates at its next two meetings, reversing the firm's prior base case of hikes starting in mid-2027.
- The catalyst is the Middle East conflict creating the risk of broader price pressures; Manulife said 'inflation dynamics are changing.'
- The shift ends Manulife's view that the Bank of Canada would remain on hold through the end of 2026.
Quotes
“inflation dynamics are changing”