Bank of Canada increases its benchmark interest rate to 3.75%
General Kimberly Coutts 26 Oct
Today, the Bank of Canada increased its overnight benchmark interest rate 50 basis point to 3.75% from 3.25% in September. This is the sixth time this year that the Bank has tightened money supply to quell inflation, so far with limited results. One of my favorite lenders, First National, always does a fantastic summary which […]
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