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.



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