Bank of Canada Overnight Rate Increases to 1.75%

Bank of Canada Overnight Rate Increases to 1.75%

The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…

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Gas Prices Inching Up – Could We be Headed for a BOC Rate Increase

Fluctuating economy conditions create a well-known international financial domino effect. When market conditions show negative response to fluctuations, one of the adverse effects the economy bears is a tightening of credit conditions. From there, a financial domino effect can create a larger economic instability, which, in turn, can have dramatic…

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