Canadian banks stand to benefit once the BoC hikes interest rates: Analyst
Nigel D'Souza, investment analyst of financial services at Veritas Investment Research, joins BNN Bloomberg to discuss his reaction to the Bank of Canada keeping rates on hold at its January meeting. D’Souza notes though he was surprised by the decision to hold, he expects the hikes to begin in the coming months. He also remains bullish on the banking sector ahead of these rate hikes.