Bank of Canada delivers half-point rate hike, signals end of aggressive campaign may be near

Bank of Canada delivers half-point rate hike, signals end of aggressive campaign may be near

Upworthy

Published

The Bank of Canada raised its benchmark interest rate by 50 basis points, surprising markets with another oversized rate hike while signaling that it may be nearing the end of its historic rate-hike cycle. The Wednesday announcement lifts the policy rate to 4.25 per cent from 3.75 per cent, the…

#sharonkozicki #baystreetanalysts #tiffmacklem #stephenbrown #bankofcanada #capitaleconomics #lookingahead #mpr #governingcouncil

Full Article