https://www.cbc.ca/news/business/pow...ttis-1.6685344
U.S. Federal Reserve foresees another year of rising interest rates for 2023
"Canadian borrowers hoping that the U.S. central bank would signal that rate hikes were over were once again disappointed after the Federal Reserve chair Jerome Powell not only hiked rates by a half a point to a 15-year high but promised more increases in the new year....
...In fact, of the 19 Federal Reserve officials on the monetary policy committee, 17 offered independent estimates that the Fed's target interest rates would have to rise above five per cent in 2023."
Suggests Federal Reserve officials foresee atleast another 75bps worth of increases coming, and BOC would likely follow pretty closely.