Bank of Canada 'Hawkish' Tone Raises Fears of Earlier-Than-Expected Rate Hikes

The Quick Take * Bank of Canada's hawkish stance is prompting some economists to warn rate hikes could arrive sooner than markets currently price in * No specific rate or equity price movement data provided, but Canadian stocks face downside pressure from tighter monetary policy expectations * Multiple economists flagged the shift in tone, highlighting oil prices as the critical variable shaping the BoC's rate trajectory * Oil price direction is seen as the key forward indicator — rising oi