'I don't think we're in a recession,' but BoC Governor isn't ruling out another interest rate hike

The day after the Bank of Canada announced it was holding its key interest rate at five per cent, its governor told a full crowd in Calgary a future rate hike isn't out of the question. Tiff Macklem also refuted suggestions from some economists that Canada was in a recession or close to one. "I don't think we're in a recession," Macklem said following a prepared speech hosted by the Calgary Chamber of Commerce. He added the BoC expects "low positive growth" for the next few quarters before the e