Bank Of Canada Shocks Markets As It Unexpectedly Raised Rates Again

[Economy 52,839]

https://www.bnnbloomberg.ca/in-a-surprise-move-bank-of-canada-hikes-key-interest-rate-to-4-75-1.1929874

 

The Central Bank of Canada shocked markets as it decided to increase rates by 25 basis points from 4.5% to 4.75%

 

Most analysts expected a pause the rest of this year, or if another hike came it wouldn't be until at least July's meeting

 

Stronger than expected exconomic growth, stubborn inflation and a housing market that is taking off again despite the higher rates all played into the conclusion that bank reached that rates had not yet been sufficiently raised

[Gagaism 12,471]

…and the wildfires too, summer is just starting and I’m SCARED! 

[Economy 52,839]

17 minutes ago, Gagaism said:

…and the wildfires too, summer is just starting and I’m SCARED! 

I landed back in Canada yesterday from my vacation and I saw the haze and I was like wtf