Bank of Canada increases target rate again, but questions remain on the economy and dollar

by

Opinion

The Bank of Canada increased the target interest rate today by 0.25%, to 1.5%. This is now the fourth rate hike, amounting to 1%, since the Bank hiked rates for the first time since 2007 a year ago. Over the last year, the Bank of Canada has matched the aggressiveness of the U.S. Federal Reserve, with the fast moving U.S. economy. More times than not the market is prepared for a rate hike and the ‘tone’ of the announcement is more of the market moving aspect than the decision itself. The Bank of Canada expressed that the Canadian economy is…

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