Canada’s Rising Interest Rates
Canada's Rising Interest Rates Canada's rising interest rates come after a prolonged period of extremely low rates. According to an article on The Financial Post; "Dana Peterson, Citi Research The BoC hiked today catching markets off guard, once again … The stronger-than-expected Canadian economic performance largely influenced the decision to hike. The Bank cautioned that while the “removal of some of the considerable monetary policy stimulus in place [was] warranted,” policy is not on a predetermined course. Nonetheless, we believe the action sends a powerful signal to markets that the Bank is likely initiating a tightening cycle, not simply engaging in oil shock “insurance”...