To be sure, the central bank is clearly aware of the issue, acknowledging Wednesday the economy may be more sensitive to higher rates than initially thought.
All but one of 18 economists surveyed by Bloomberg expect the central bank to keep its benchmark rate at 1.75 per cent in a decision at 10 a.m.in Ottawa. "So, that's why I'm not going to explain how long it means".
In a widely expected decision, the Bank of Canada maintained its target for the overnight rate at 1.75% and noted that the Governing Council continues to judge that the policy interest rate will need to rise over time into a neutral range to achieve the inflation target.
Thanks to the stronger economy, Poloz has raised the bank's key interest rate target five times since mid-2017 to keep inflation from creeping up too high.
Apart from revising down its oil price projections and warning about the uncertainties surrounding oil price trends this year, the World Bank also noted that global economic growth is expected to slow to 2.9 percent in 2019 from 3 percent in 2018, as worldwide trade and investment weaken. "Indicators of demand should start to show renewed momentum in early 2019, leading to above-potential growth of 2.1 percent in 2020", it said.
The central bank says the timing of its next hike will depend on several factors - with a particular focus on developments in the oil markets, the Canadian housing sector and global trade policy.
"However, like us, the Bank of Canada expects a pop-back to above trend growth as 2019 progresses", said TD Economics in a research report. While price differentials have narrowed in recent weeks following announced mandatory production cuts in Alberta, investment in Canada's oil sector is projected to weaken further. Crude oil gained sharply today on positive headlines relating to China & U.S trade talks.
The other key uncertainties about oil prices will be the impact of the US sanctions on Iran when the waivers end in early May, as well as the production in Venezuela, which has been steadily falling over the past two years.
"If the world economy is going to slow down. then that's going to affect every country".
Consumption and housing investment have also been weaker than expected as lending rates increased. The Bank of Canada will also release its quarterly economic forecasts Wednesday, followed by a press conference from Governor Stephen Poloz.
It predicted exports and non-energy business investments to "grow solidly".
In addition, global benchmark prices for oil have been about 25 per cent lower than assumed in the October Monetary Policy Report (MPR), reflecting sustained increases in USA oil supply and, more recently, increased worries about global demand, the bank said.
The bank listed these factors as population growth fuelled by immigration, low unemployment rates, cheaper gasoline prices and wage gains. Three months ago, the Bank of Canada expected 2.1% economic growth in 2019.
Canada's sharp deceleration in wage growth since last spring has also been highlighted by experts as a concern for the economy - particularly since the tightened labour market should translate into higher wages.
Adrien Broner is a very talented fighter and I want him to win because we need more black people doing better in life. He was asked by a reporter about the drama surrounding Broner ahead of the fight and said he is not focusing on that.
While the Golden State Warriors have been dominant this year, it hasn't been their best season record-wise. But, Warriors coach Steve Kerr said Tuesday that Cousins has "gotten through a barrier" in his recovery.
In its primary two-year mission, TESS will observe almost the whole sky, providing a rich catalog of worlds around nearby stars. The three planets discovered by TESS in its first three months of operation each have unique characteristics and orbits.
That's because some of the bonus clauses they are entitled to following Coutinho's departure would be rendered obsolete. The first of these would see Liverpool receive £4.4 million for every 25 league games Coutinho played, up to 100.
Former Australian captain Steve Smith's return to worldwide cricket is set to be derailed due to an elbow injury. Smith will be racing against time to be fit for the World Cup in June and the Ashes series which follows.
The fourth dropoff is Onsi Sawiris of Egypt, who owns a stake in Netherlands-based fertilizer and chemical producer OCI N.V. However, the average net worth of each member on the list this year grew to $3.4 billion from $3.3 billion in early 2018.
Black Mirror: Bandersnatch is on the receiving end of a lawsuit from the owners of "Choose Your Own Adventure " books. Let's just get this out of the way: I hated Netflix's Black Mirror movie, Bandersnatch .
This season Munir found his playing time at Barcelona limited as he featured just seven times for the club in La Liga . That top choice has always been Munir who will join the club in June if a deal can't be reached in January.
While interesting, these new observations, he said, can not tell us about the nature of these sources-at least not yet. That repeating FRB seemed to have originated from a galaxy located about 2.5 billion light-years from Earth.
PC shipments declined in 2018 for 7th consecutive year
The New Year brought bad news for PC manufacturers as shipments dropped by 4.3% in Q4 of 2018 and 1.3% for the year. Additionally, said Kitagawa, political and economic uncertainties in certain countries reduced the demand for PCs.
Eddie Murphy set to return for 'Coming to America' sequel
It's a stone-cold classic, in other words, which means we're as excited by the prospect of a sequel as we are nervous about it. Coming To America 2 will follow the story of Prince Akeem's return to America after discovering that he has a long lost son.
Suspicious packages sent to embassies in Australia
Victoria Police confirmed a number of consulates in Melbourne received suspicious packages in what it said was a targeted attack. On Monday, the Sydney-based Argentinian consulate was evacuated for more than an hour after reports of suspicious white powder.