The Bank of Canada signalled Wednesday it expects to stick to its rate-hiking path, although at perhaps a more-tentative pace The Bank of Canada left its benchmark interest rate unchanged Wednesday after raising it twice since the summer — but it signalled that future hikes are likely on the horizon. In its scheduled announcement, the central bank said it held off this time in part...
The Bank of Canada (BOC) raised the prime rate by 0.25% today taking the last of the 2015 emergency stimulus out of the system. The rate increase was expected to happen in October, however the economic growth seen over the summer was enough for the BOC to make the move on 6th Sep 2017. So why is today's rate increase a good thing? The first reason is it confirms that the economy is finally finding its...