But even with such unknowns, TD chief economist Beata Caranci said she expects Poloz to work with the positive data he has in front of him. "Temporary factors are causing volatility in quarterly growth rates: the bank projects a pick-up to 2.8% in the second quarter and a moderation to 1.5% in the third".
Business loans, student loans, lines of credit and home equity lines of credit will cost more to service.
As widely anticipated by economists, the Bank of Canada raised its trend-setting policy rate to 1.5 per cent, up from 1.25 per cent on Wednesday.
This is the first rate hike in six months and the fourth since last summer.
Governing Council expects that higher interest rates will be warranted to keep inflation near target and will continue to take a gradual approach, guided by incoming data.
"Canada's economy continues to operate close to its capacity and the composition of growth is shifting", said the BOC.
The July projection also incorporates the estimated impact of tariffs on steel and aluminum recently imposed by the United States, as well as the countermeasures enacted by Canada.
Outside the country, the Bank of Canada has its eye on how widening global trade disputes, including an intensifying battle between the US and China, will affect the world's economy.
"My experience having come from Ireland five years ago is I've experienced recession and I've experienced interest hikes before so I'm cautious at this stage", said van Dijk.
It means consumers with variable rate mortgages or upcoming mortgage renewals will have to pay more. It also said underlying wage growth has been weaker than what would normally be expected in a tightened job market.
National Bank of Canada experts wrote in a note that Poloz may choose to err on the side of caution when it comes to future hikes because of threats of auto tariffs, which they warned, if applied, would have "unambiguously devastating economic impacts", particularly in Ontario.
Microsoft is claiming nine hours of battery life, which should be enough for all-day working if it turns out to be accurate. Don't forget that Microsoft launched a new Surface Mobile Mouse alongside the Surface Go, which is also up for pre-order.
The company has been showing off its "Creator Edition" product, a set of goggles and a portable, wearable computer to power them. And, the handheld controller will give users force control and haptic feedback, and allow for six degrees of freedom.
Eric Amsalem, a 48-year-old Croatian fan with his face painted in the colours of the national flag said: "It's a small country. In capital Zagreb, more than 10,000 people gathered in the central square to watch the match despite rain.
President Donald Trump shake hands at the conclusion of their meetings at the Capella resort on Sentosa Island in Singapore. Pompeo and his delegation had just traveled to North Korea to meet with senior North Korean official Kim Yong Chol.
Kenedy joined Chelsea almost three years ago from Brazilian side Fluminense, but has played just 27 times for the club . If the move goes through, Kenedy will once again be looking to play on a regular basis under Benitez at Newcastle.
The song, which debuted in 2004, came out during a different Republican administration, that of former President George W. In related news, fans were able to bring back Green Day's " American Idiot " back in charts.
It's like, how the hell did I get stabbed? Because I can't believe with his legs someone could do that, " he told WTVJ. He and a female friend who was present said Mr Coronado asked Mr Crenshaw for directions and was attacked, police said.
Trump said there had been "tremendous progress" and that allies were "going to up it at levels they've never seen before". Asked about Mr Trump's suggestion, NATO Secretary-General Jens Stoltenberg said he would focus on what has been agreed to.
A plane carrying 11 people crashed Tuesday on a mountainside in Alaska, officials and rescuers said, but there were no deaths. Initial reports are the plane went down about 2,000 feet up a mountain in rocky, tree-covered terrain.
It went into extra-time and Gareth Southgate replaced Ashley Young with Danny Rose on the flank. As a result, Croatia are through to their first ever World Cup final.
How to update Sonos speakers for AirPlay 2 and HomeKit
Sonos' big-sound-in-small-speakers design has won praise , along with loyalty of some users who install them in multiple rooms. However, you can also manually check for the update if it's not showing up yet, by heading into the settings page in the app.
Epic Announces $8M Summer Skirmish Series - Fortnite
Epic Games has been teasing players over the last week, dropping hints online about what the new season will bring. Gamers prepare as Fortnite will be taken offline this morning in preparation for Epic Games' Season 5 update.
Leaked promo material reveals new Galaxy Note 9 S Pen
As we get closer to Samsung's Unpacked press conference on August 9th, we're bound to see even more Note 9 leaks... like this one. A source with a respectable track record has leaked what appears to be promotional material for the Galaxy Note 9 .
Apple launches faster processors on MacBook Pro
Apple offers the upgraded high-end 15-inch MacBook Pro with four different storage options, ranging from 512GB all the way to 4TB. Also, storage can reach up to 2TB of PCIe NVMe SSD, but RAM remains limited to 16GB of LPDDR3-2133.
Trump visit to United Kingdom begins on awkward note
Asked about the President's view on US-UK relations, he said: "He has worked here for so many years, he knows so many people". Permission for the float was issued by London Mayor Sadiq Khan, who has exchanged back-and-forth criticism with Trump.
Explosion rocks Wisconsin town in US, at least 3 hurt
Multiple videos from the area show that the explosion turned a section of Sun Prairie into a smoldering, burning hazard area. He said the building across from his shop "literally lifted up". "People were scrambling", Owen said, according to Fox 6 .
Thailand cave: Museum and movie in the works for Tham Luang
Although parents of the first eight boys rescued were able to see their sons, they had to stand six feet away from the children. Narongsak said about half of the 13 foreign divers on the crack team of 18 who rescued the boys were British.