Will the Bank of Canada raise rates again?

The Bank of Canada has decided not to raise rates in September, but James Laird, co-CEO of Ratehub.ca and CanWise president, believes borrowers cannot afford to be complacent about future interest rates. The Bank has indicated that it is willing to raise rates again if economic indicators do not turn out as expected. Laird advises that it is wise for borrowers to have a budget with some slack in it, in case the Bank of Canada surprises them with a rate hike.