OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided in favour of one more rate hike before taking a pause. In its first-ever summary of deliberations, the Bank of Canada pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above two per cent as the rationale for … Continue reading BoC considered not raising rates last month, but hot economy swayed decision