At its previous meeting in July, the BoC raised its key rate for the first time in seven years, also by 25 basis points. In this context, the Canadian dollar has appreciated, also reflecting the relative strength of Canada's economy.
"What they are saying to me is they are leaving the door open to futurehikes", said Derek Holt, head of capital markets economics at Bank of NovaScotia in Toronto.
The decision "implies that absent a significant shock, Wednesday's rate increase will be part of a larger and longer march towards interest-rate normalization", said Brian DePratto, TD Bank economist.
"Recent economic data have been stronger than expected, supporting the Bank's view that growth in Canada is becoming more broadly-based and self sustaining", reads a statement from the central bank.
Meanwhile, signals from senior Federal Reserve officials have clouded the outlook for rates in the US with concerns inflation hasn't picked up steam as previously expected.
The high level of household debt and its impact on real estate prices was one of the motivating factors behind the decision and given that the economy is on more solid footing the Governing Council of the Boc made the decision to remove the stimulus it had placed in 2015 with its two rate cuts.
Canadian GDP growth expanded more quickly than expects, the Bank said.
In its statement, the bank also said headline and core inflation have seen slight increases since July, largely as expected. Particular focus will be given to the evolution of the economy's potential, and to labour market conditions.
Market watchers who predicted Bank of Canada Governor Stephen Poloz would keep interest rates unchanged this week argued he had the luxury to wait until October, noting inflation remained tepid.
Statistics Canada reported weak trade results just before the release of the Bank of Canada's decision. For the second-straight month, Canadian exports fell steeply - 4.9% in July. As well, consumer spending - boosted by strong employment and income growth - has been "robust", and business investment and exports have been increasing, the Bank said, which has all contributed to economic growth that exceeded analysts' expectations.
Canada's trade deficit shrank to $3 billion in the month, from $3.8 billion in the month before, because imports fell even faster than exports, shrinking six per cent.
The bank advised that it is still on watch for potential speed bumps, such as geopolitical risks and uncertainties that abound, such as concerns about worldwide trade and undetermined fiscal policies throughout the globe.
"A rising Canadian dollar without a really good lift from energy prices is tough on the energy sector, and it's tough on any commodity producers", said John Johnston, chief strategy officer at Davis-Rea.
Researchers say they will continue to study the intermediate-mass black hole candidate in the hope of confirming its existence. The scientists said the black hole could have formed after a former core of a dwarf galaxy was absorbed by the Milky Way .
Though CPI (M) had offered him a ticket to contest in the next assembly polls, he turned down the offer and later joined the BJP . Alphons added that though he had no great experience of the tourism sector, he would do his best to take it to new heights.
It is powered by the Qualcomm Snapdragon 835 processor and has 4GB of RAM on board to ensure it moves like a greased cheetah. This phone is packed with 6.0-inch QuadHD+ OLED FullVision Display (2880 x 1440 / 538ppi) with aspect ratio of 18:9.
When it comes to the launch date of the device, Xiaomi is said to unveil the Mi 7 sometime in the first quarter of 2018. Yes, the device ought to feature a dual-camera setup, which had now become a usual add-on in the smartphone industry.
Referring to Pakistan , the president said: "I want to give message to Pakistan that we are ready for talks on multiple issues". Mattis did not respond to questions on timeline, if any, for Pakistan to take action against terrorists and terrorist groups.
The Mackinac Bridge will be closed to vehicular traffic starting at 6:30 a.m. and lasting until noon on Labor Day. On average, one person is killed every 51 minutes in an alcohol-impaired driving crash.
The acting director at the time , Andrew McCabe, later denied that the bureau had lost faith in Comey before his firing. After FBI Director James Comey was sacked , the White House gave conflicting explanations as to why.
Princess Diana's sons, Prince William and Prince Harry , visited a growing memorial outside her former home, Kensington Palace. Nick Serpell was working for the BBC when Princess Diana was tragically killed in a Paris auto crash on August 31, 1997.
No. 16-seed Anastasija Sevastova defeats Maria Sharapova in three sets to advance to the quarterfinals of the US Open. Sharapova smacked a forehand victor to force deuce trailing 5-2 in the third set as Sevastova's nerves kicked in.
Once construction of all the prototypes is done, CBP could choose up to eight prototypes to use for the wall. President Donald Trump just got one step closer to his "big, attractive wall" on the U.S. -Mexico border.
Vols trail Georgia Tech at halftime
Saved by Callaway, he finished the evening with 20 completions in 37 attempts for 221 yards, two touchdowns and no interceptions. Still, Georgia Tech had a chance to put the game away with another methodical drive and appeared ready to do just that when J.J.
Wildfire burns homes in California area hit hard this year
An American Red Cross shelter has been set up at the Ponderosa Community Center at 17103 Ponderosa Way in Brownsville. A 747 SuperTanker drops retardant while battling the Ponderosa Fire east of Oroville, Calif., on August 30, 2017.
Wyoming Punter Whiffs the Ball on Punt Attempt
Wyoming took over with 50 seconds left in the half, but its drive was killed by a blatant intentional grounding on Allen's part. Sophomore Milo Hall recorded his first-career carry in the first quarter and finished the game with 30 yards on nine carries.
UK Markit August mftg PMI SA 56.9 vs 55.0 exp
The Dutch factory activity grew at the fastest pace in six-and-a-half-years in August, survey data from IHS Markit showed Friday. The Purchasing Managers' Index compiled by research firm Markit rose to a seasonally adjusted 50.9 in August from 50.0 in July.
U.S. calls on United Nations to support Myanmar
Nearly 400 people have died in Myanmar since the country's army stepped up a military crackdown on Rohingya Muslims last week. He and thousands of terrified villagers gathered at the Kyee Hnoke Thee village at the foot of the Mayu mountain range.