For the eighth consecutive meeting, the Bank of Canada opted to raise its overnight rate in face of persistently high inflation— this time, by 25 basis points— in line with expectations. The central bank’s effective rate now sits at 4.5%, marking one of the sharpest and most aggressive tightening cycles in the bank’s history. With … Continue reading Bank of Canada Delivers 25 Basis-Point Hike, Hints at Pausing to Assess Economic Impact