Here are the key points from the Reuters poll regarding the upcoming decisions of the Bank of Canada:

The Bank of Canada is likely to raise the key interest rate at least once again according to the belief of 12 out of 20 economists.

The Bank of Canada will keep the overnight rate steady at 5.0% during the meeting on September 6 according to the belief of 31 out of 34 economists.

3 economists say that the Bank of Canada will raise the interest rate by 25 basis points to 5.25% in September.
8 out of 34 economists expect another increase in interest rates to 5.25% by the end of the year.

24 out of 34 expect the central bank to maintain the interest rate or higher until at least the end of 2024.

The average economist expectations show a reduction of interest by 50 basis points by the end of June next year.
Home prices are expected to decrease by 5% in 2023 and rise by 2% in 2024, compared to a decline of 8.9% and a rise of 2% in the June survey.

After the Bank of Canada decided to raise interest rates again in the last monetary policy meeting; American investment banks Goldman Sachs and JP Morgan view it likely that the Bank of Canada will raise rates one last time by 25 basis points, bringing the final rate to 5.25%. However, Goldman Sachs warned that the Bank of Canada's final interest rate hike may be postponed to September if upcoming data surprises the markets with stronger activity and inflation.