Bank of Canada (BOC) RAISES short-term rates 25 bps

Hi folks! What a difference a year makes! Not a surprising move, but a huge difference with short-term rates from last year, the BOC has increased the overnight lending rate to 1.75% by 25 basis points with a normalizing neutral¬† ("home") rate of 2.50-3.50% in order to achieve their inflation target!¬† Also the tone set … Continue reading Bank of Canada (BOC) RAISES short-term rates 25 bps