Right. Stay tuned, as they say.
I was reading an article in the Financial Post last week—actually, maybe it was this week. Kevin Carmichael wrote it, and he noted that in the recent policy communications of the Bank of Canada, the term “gradual” has been dropped. I see Ms. Wilkins nodding her head.
Prior to it being dropped, it had been used in the previous three consecutive policy statements. When referring to rate increases, is it, as the article suggests, because we can expect more frequent interest rate hikes? I'm asking you because articles suggest lots of things.