Canadian Markets

 

Canadian Markets

Economists predict that the Bank of Canada will raise interest rates today for the eighth straight time. 

  • The consensus view is that this will be a 25-basis-point (bps) hike and that policymakers will keep borrowing costs steady after this rate increase. 
  • Inflation has been slowing since August but the annual rate is currently at 6.3%, significantly above the Bank of Canada's 2% target. 
  • A 25 bps hike would bring the benchmark interest rate to 4.50%.
TSX 20,629.55-0.01%

*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

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