A majority of Canadian economists agree that the Bank of Canada will keep its benchmark interest rate at its current level when it meets later today (June 9). A new Data Finder survey of 21 Canadian economists found that 95% of them think interest rates will remain at 0.25%, where they have been for more than a year now. More than half of the economists surveyed, 55%, believe the central bank won’t change interest rates for another 10 to 18 months. All of the economists agree the next change will be an interest rate increase. Raising interest rates affects the rates people pay for mortgages and business loans. More ... (full story)