Quickie thoughts on the recent Bank of Canada increase. What questions do you have?
As you know, the Bank of Canada raised rates today by 100bps.
#BREAKING
The Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.
The central bank's target for the overnight rate now stands at 2.50 per cent.— CityNews Ottawa (@CityNewsOttawa) July","full_text":"#BREAKING \nThe Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.\n\nThe central bank's target for the overnight rate now stands at 2.50 per cent.","username":"CityNewsOttawa","name":"CityNews Ottawa","date":"Wed Jul 13 14:06:25 +0000 2022","photos":[],"quoted_tweet":{},"retweet_count":16,"like_count":11,"expanded_url":{},"video_url":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">
The Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.
The central bank's target for the overnight rate now stands at 2.50 per cent.— CityNews Ottawa (@CityNewsOttawa) July","full_text":"#BREAKING \nThe Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.\n\nThe central bank's target for the overnight rate now stands at 2.50 per cent.","username":"CityNewsOttawa","name":"CityNews Ottawa","date":"Wed Jul 13 14:06:25 +0000 2022","photos":[],"quoted_tweet":{},"retweet_count":16,"like_count":11,"expanded_url":{},"video_url":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">
#BREAKING
The Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.
The central bank's target for the overnight rate now stands at 2.50 per cent.
Want to read the full issue?