Interest Rates to Rise June 1?

Will the Bank of Canada raise the prime rate on June 1? A month or so ago it seemed almost certain they would. But with economic challenges around the world not getting any better, no one can say for sure what will happen June 1. Personally I feel that we are in such a strange time, economically speaking, that nothing is certain anymore. However, I do feel that long term, interest rates won't rise to high levels. With the Baby Boomers starting to retire, this will bring along its own set of economic challenges that have yet to be seen!