RE:Canada not raising rates just yetMaybe the US Fed and the B of C realized that China may have been right on this one: Xi Jinping warns Fed against hiking interest rates Chinese President at Davos to Fed Chair Jerome Powell please dont lift interest rates. If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers. They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it, said Xi.