Bank of Canada Raises Rates by 75 Basis Points

7 Sep 2022 3 minute read 0 comments SweptOverNiagara $0.12

Just got word the BoC has just increased its key lending rate (for the fourth time this year) by another 3/4 percent with the overnight rate now set at 3.25%. The Governing Council still expects more rate hikes 'given the outlook for inflation'. This...