Reuters poll of BOC watchers

The latest poll sees the first Bank of Canada rate hike in Q2 of 2018 compared to Q3 of 2018 in the January survey. That might not be as meaningful as it sounds. Forecasts have bounced around between Q1, Q2 and Q3 of 2018 for the past five months.

There is plenty of uncertainty on what the BOC will do next, especially after Poloz said a cut was still on the table. The median estimate that the next move will be lower in rates was 20%.

The poll also asked about the US-Canada trade relationship and most analysts didn't anticipate any significant changes.