Bank of Canada increases rate by 0.5%
Posted by: Aneta Zimnicki
Bank of Canada increases overnight rate by 0.50%. Your variable rate mortgage and secured lines of credit will increase. ‘Quantitative tightening QT’ continues. Admits “The risk of elevated inflation becoming entrenched has risen.” “With the economy in excess demand, and inflation persisting well above target and expected to move higher in the near term, the […]
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