Here's a short, uncomplicated read on Interest Rate projections. A short executive summary is as follows:
"Keeping in mind that the Bank has spent the past several years pushing that date back, if the Canadian economy does accelerate as most expect in 2014, a gradual rise in short-term
interest rates will follow...
...we expect that eventual Bank of Canada tightening will occur very slowly in 2015, with a 25 to 50 basis point increase in the Bank’s overnight rate over the course of the year."
Here's the full report https://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/mortgagerateforecast.pdf