Lewenza: Bank of Canada Hike a Year Away

The video discusses the economic outlook, focusing on oil prices and infrastructure spending. It predicts that the Federal Reserve will hike interest rates one or two times over the next year, with the first hike expected in the latter half of 2017. The discussion also covers the impact of infrastructure spending on economic growth and the conditions under which oil prices might lead to economic changes. The current benchmark rate is at 0.5, with a potential hike expected in a year.

What is the anticipated impact of infrastructure spending according to the text?

What factors are contributing to the expectation of a rate hike in the future?