Bank of Canada Raises Rates Less Than Expected

The Bank of Canada unexpectedly slowed its pace of interest-rate hikes as the nation’s economy flirts with recession. Rates are rising by 50 basis points to 3.75%, less than the 75-basis-point hike that was expected. Warren Lovely, chief rates strategist at the National Bank of Canada and Diana Avigdor, Barometer Capital Management head of trading, speak on BNN Bloomberg.

The Fifth Avenue News is a channel where you can learn about the current events in the market- and find out about how to plan for the future. Every day, we deliver our audience the top headlines in business and finance in a quick, concise, and entertaining way. We’re here to keep you up-to-date on the latest news so you can stay informed.

You May Also Like