The Bank of Canada’s key rate rose again. Why another hike in July ‘looks likely’
Bank of Canada governor Tiff Macklem, Freeland reiterated that Ottawa and the central bank operate independently in setting fiscal and monetary policy but have “clear lines of communication”
The Bank of Canada raised its benchmark interest rate on Wednesday amid fears that a hot economy could mean inflation gets stuck “materially” above its two per cent target.
While most economists were not expecting the move, some now say one hike won’t be enough and additional increases might be coming later this summer. ---More...
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