BoC Doublespeak on Rate Hikes Muddies the Waters

Posted by Ephraim Vecina

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The Bank of Canada’s latest decision to hike the benchmark interest rate to 1.75% is just the latest in its series of tightening measures meant to address household risks, but Dr. Sherry Cooper of the Dominion Lending Centres would’ve preferred the bank to be clearer about its future plans.

“The Bank of Canada believes the economy will grow about 2% per year in 2018, 2019 and 2020, in line with their upwardly revised estimate of…Click here for full article