Tag: Bank of Canada interest rates hike

The Bank of Canada is expected to implement a second consecutive interest rate hike in July after data showed strong economic growth, a tight labor market, and resilient inflation. In June the bank raised its rate by a quarter percentage point, reaching a 22-year high...

If you thought the Federal Reserve's recent interest rate hike of 0.75 percentage points was too aggressive, you might want to think again. Bank of Canada just took things to another level by increasing interest rates by a full percentage point. The interest rates hike...