Canada Shocks Investors By Holding Interest Rates Amid High Inflation

[Economy 52,842]

https://www.google.ca/amp/s/globalnews.ca/news/8539085/bank-of-canada-interest-rate-decision-2/amp/

 

Almost all econonomists expected the bank to start raising interest rates this month given high inflation and that the labor market is tight and economy at full capacity

 

However the bank decided to delay rate hikes once again in a move of caution because of the Omicron wave and potential impacts from restrictions

 

Canada is now expected to start hiking in March along with the United States and possibly the UK