Keep on the lookout for rate alerts tomorrow as key lending rates may change – to be possibly the first increase since July 2007.

Stats Canada has released theirs first quarter report and the economy is hot as its findings say. Real GDP has grown 6.1% the biggest increase in a decade. Residential investment continued to increase for the fourth quarter in a row.

In an effort to slow inflation, Bloomberg has surveyed and 25 of 27 economists say the Bank of Canada will raise the lending rate by a quarter percent. The markets (predicted by the Over night Index Swap) are slightly less sure at 70-80% chance of a rate boost.

For full article please click here: Canada’s economy keep roaring ahead

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