As expected, the Bank of Canada raised its key rate seventy five basis points on Wednesday morning. Heading into the announcement, a majority of financial analysts felt this would be the likely move, to trim the impact of inflationary pressure. This is the fifth rate hike in 2022 and brings the key rate to 3.25%… Read More

On Friday (March 27), the Bank of Canada initiated an emergency key rate cut of 50 bps to 0.25% in an attempt to defend the economy against the impacts of COVID-19. Additionally, the Bank of Canada will expand its balance sheet through purchases of Government of Canada securities to the tune of $5 billion per… Read More

 

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