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BoC Today – Are we at an End of a Rising Bank Rate Cycle?

The Bank of Canada (BoC) has raised its Key Overnight Lending rate by 25 basis points, bringing it to 4.50%, and the Prime rate of interest to 6.7%. This is the BoC’s eighth consecutive rate hike and was anticipated by markets and many economists. Looking ahead, the Bank said it “expects to hold the policy …

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BoC Rate Increase Today but Signs of Rates Plateauing

The Bank of Canada today increased its target for the overnight rate to 4¼% impacting the Prime rate at major FI’s to increase to 6.45%.  The Bank is also continuing its policy of quantitative tightening – releasing debt previously purchased from its balance sheet.  This rate increase caps off a year of rate increases not …

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