Canada raises official rate, more on the way

25 October 2018

 

The US Federal Reserve began raising its official interest rate, known as the federal funds rate, in December 2015. Eighteen months later in July 2017, the Bank of Canada (BoC) also began to raise its official rate and it has done so three times since then. Now, it has raised its official rate again from 1.50% to 1.75%. Statements from the BoC suggest more increases are to come in the...

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