The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
Interest rates are also basically the only major lever the BoC has. At some point the government has to step up with changes aimed at reducing inflation, and so far they’re nowhere to be found.
Interest rates are also basically the only major lever the BoC has. At some point the government has to step up with changes aimed at reducing inflation, and so far they’re nowhere to be found.