Has the Bank of Canada Reached its Interest Rate Summit?

<p>Summary The Bank of Canada (BoC) raised its policy rate 25 bps to 5.00% at last week’s announcement, and while BoC Governor Macklem suggested the end of the tightening cycle was close, there were nonetheless several hawlish elements in the announcement. In particular, the Bank of Canada expects excess demand within the Canadian economy to […]</p>
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