BoC Hits (Hopeful) Pause on Rate Hikes

<p>The Bank of Canada decided to pause the hiking cycle and left the overnight rate unchanged at 5% in today’s announcement, in line with our and markets’ pre-meeting expectations. The BoC (also as expected) kept the option open to hike further if necessary down the road. Inflation has slowed substantially but the central bank’s own […]</p>
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