BANK OF CANADA RATE HIKES RATE BY 25 bps – HIGHEST IN 22 YEARS
Posted by: Kim Stenberg
Interest Rates Will Stay Higher for Longer The Bank of Canada increased the overnight policy rate by 25 basis points this morning to 5.0%, its highest level since March 2001. Never before has a policy action been so widely expected. Still, the Bank’s detailed outlook in the July Monetary Policy Report (MPR) suggests stronger growth […]
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