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Bank of Canada raises its benchmark rate by 1%
The Bank of Canada increased the policy interest rate by 1%, an increase that exceeded expectations and the largest since 1998, as the bank attempts to control high inflation. The Bank is stating that inflation in Canada is higher and more persistent than expected and will likely remain around 8% for the next few months. The biggest drivers are the war in Ukraine, ongoing supply…
Read moreBuying or investing in today's market
Inflation, affordability, and rates continue to be hot topics in Canada. With inflation hitting 7.7%, the highest since 1983, the…
Understanding the effects of rising rates
After two years of record-breaking activity, extreme price increases and bidding wars, the housing market is starting to slow down…