Canada's central bank will probably have to raise its policy rate to the top of its neutral range, double its current level of 1.5%, and could go higher, to prevent soaring inflation from becoming entrenched, Deputy Governor Paul Beaudry said. "They've thrown everything they can think of at cooling off the energy market and it just keeps going higher," Button said. "The chances of a Bank of Canada pause in the fall are dwindling," said Adam Button, chief currency analyst at ForexLive.