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Hold Your Hawkses
"If economic developments evolve broadly in line with the outlook, Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases," the Bank of Canada said Wednesday.
It was a watershed moment. Or as much of a watershed as moments in Canadian monetary policy can be.
At its January meeting, the BoC delivered one final rate hike, the eighth straight, bringing the total to 450bps in less than 11 months.
If you're ke
“It was a watershed moment. Or as much of a watershed as moments in Canadian monetary policy can be.”
As a former resident of Canada, this made me laugh.