Daily Market Updates: Bank of Canada Raises Policy Rate as Inflation Fears Mount

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Bank of Canada Raises Policy Rate as Inflation Fears Mount

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The Bank of Canada (BoC) raised its policy rate by 25 basis points (bps) to 2.50%, in line with market expectations. This is the first interest rate increase since July 2023. The Bank acknowledged that exports, business and government investment continue to support economic recovery despite ongoing trade headwinds. At the same time, they note […] The post Bank of Canada Raises Policy Rate as Inflation Fears Mount appeared first on ActionForex .

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Action ForexBank of Canada Raises Policy Rate as Inflation Fears Mount

Action ForexBank of Canada raises the policy rate by 25 basis points to 2½%

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Bank of Canada Raises Policy Rate as Inflation Fears Mount

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