Bank of Canada raises interest rate

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The Bank of Canada has decided to raise its benchmark interest rate to 1.5 per cent, up 25 basis points — 0.25 percentage points. It’s the fourth time the central bank has raised its rate since last summer.

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Comments

Gordon Wilkinson says:

What a shock. Losers.

Mad Iguana says:

That maf look nervous

程育強 says:

simply an attempt to save the falling loonie

Brandon Schleifer says:

The sooner this happens the sooner it ends. There's no sense dragging this out.

THE VOICE OF CANADA says:

Bank of Canada has no credibility.

Matt Spence says:

Bond market inversion coming…

LORENZO SIMANGO says:

The central bank got a mandate to monitor inflation and use monetary policy tools to keep it or adjust it to their target. If the economy is heating up domestic inflation from wage pressures and higher money velocity pressures are likely to push inflation higher in this case above their target. The reason why monetarily policy was accommodative was because of the slow down in economic growth both domestically and globally. Inflation was falling and there was risk to deflation. Some central banks responded by issuing non standard monetary policy measures like asset purchases (large scale ) after cutting rates to 0. The adjustment to monetary policy done today is not an effort to milk you but a reflection that the economy is growing and the growth outlook is good. Holding rates lower for too long relative to a firming inflation environment presents a risk of inflation to overshoot target and become stubborn , in this scenario the central bank will have no choice but to adjust monetary policy aggressively giving risk to chocking / suffocating the economy in terms of growth. That's when you start to see warning signals in the bond market.

Derek Houle says:

So Trudeau is spending Canada into oblivion. Investment money is leaving or already left. Canada's military lacks equipment and funding, with no long term strategy for procurement of military equipment. Rising interest rates (4th time since last summer) will eventually lead to hyper-inflation, absolutely devaluing investments such as Houses and Businesses of the average citizen. No Trade deal is even close to being signed. Massive new Taxes, waves of people entering the country illegally. A Prime minister who was found guilty of 4 felonies committed in the coarse of his duties as Prime Minister. It sounds to me that you are all about to become citizens of Nouvelle France.

Donnie McLeod says:

Wow banks really only follow the numbers that fit their narrative. A correction is coming very very soon and it will be a dozie.

OLDSKOOL978 says:

Banks are scams. Good time to do away with them

Jeff Bryan says:

How come CBC disabled comments on Retardeau's groping vids?

zygmunt zielinski says:

Why are most C.B.C. public comments disabled ?? Controlled propaganda? ?

Jeff Davis says:

CBC: You forgot to turn off the comments!

Alexander Wesner says:

It's needed.. the dàys of 0% for car loans are over.

James Reale says:

Look at the jumble of cables under the glass desk.haha

Jweile Letsgetit says:

Garbage get rid of the central banjs nd come together

justin- kelly says:

Look into who runs the banks !

leftslayer says:

You got Canadians that bought overvalued homes , and these Canadians have debt to income ratios at there lowest 150% and at there highest 450% , so there are 40% Torontonian home owners that have 450% debt /income , that means for every dollar they bring in they spend $4.50 , this is insane and this bubble is ready to burst

Raw2929 Will says:

And u dum people on the new like u glori it

Alex Lam says:

that not good, every 100k borrowed is an extra $20 per month. The math is incorrect in this video. Most people owe more than 300k.

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