Blair Gable Mark Carney, current Bank of Canada governor, is due to hike rates since taking the top job 27 months ago.

It is posted that thirty-two of 40 forecasters polled by Reuters speculated the Bank of Canada to hike rates by 25 basis points on June 1 to 0.50 percent.

Canada's 12 primary securities dealers showed unanimity in their views. POLL20 Eight of 40 believed rates to stagnate till next week.

The poll was conducted between May 24 and May 27.

"We are at point where it is a tug of war between structural issues that are facing the Eurozone and a very strong economic cyclical backdrop," posted Stéfane Marion, chief economist at National Bank Financial.

The governor is revealed to face pressure by the economic data, which outlines the need of a rate hike - as much as 50 basis points.

At its last rate posting on April 20 the bank dropped its conditional commitment to keep rates at a level of 0.25 percent until the end of June, prompting the possibility of a rise sometime near.

A rate hike on June 1 would tag Canada as the first of the G7 industrialized economies to have hiked its borrowing costs after the witnessing financial turmoil and recession.