Back to Blog

Poloz Rate Hike Had A Hawkish Tone

Latest News Steve Marshall 24 Oct


Posted by: Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres

As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in July 2017 (see chart below). The central bank stated it would return the overnight rate to a Read More