U.S. rate hike doesn’t necessarily mean Canada will follow, economist says

The quarter-point hike is unlikely to cause major financial headaches for a lot of American consumers, but will Canada follow with its own increase?

After the U.S. Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday, many are now asking whether Canada will follow with its own interest rate increase.

One senior economist says that won’t necessarily be the case.

For more on this story, watch this report by CTV News’ Matt Grillo.