The role of the Bank of Canada and how it impacts newcomers
Credit to Author: Edana Robitaille| Date: Thu, 15 Jun 2023 12:01:34 +0000
The Bank of Canada (BoC) has raised interest rates to their highest level since 2001. The overnight lending rate is now 4.75%, which is 25 basis points higher than it was at the previous increase in January this year. The BoC started raising rates in July 2022 when it went from 1.5 % to 2.5%. […]
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