Bank of Canada hikes rates to 4.75%, highest in 22 years
The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22 years, on increasing concerns that inflation could get stuck significantly above its 2% target amid persistently strong economic growth. After the move, several analysts said they see another…
#bankofcanada #derekholt #scotiabank #stevescherer #davidljunggren #fergalsmith #markporter