Wed. May 29th, 2024
Bank of Canada Raises Rates Less Than Expected

The Bank of Canada unexpectedly slowed its pace of interest-rate hikes as the nation's economy flirts with recession. Rates are rising by 50 basis points to 3.75%, less than the 75-basis-point hike that was expected. Warren Lovely, chief rates strategist at the National Bank of Canada and Diana Avigdor, Barometer Capital Management head of trading, speak on BNN Bloomberg.

Related Post