Bank of Canada Raises Rates… again

Bank of Canada Raises Rates… again

Bank of Canada Raises Rates… again The Bank of Canada raised its overnight interest rates on June 7, 2023 by 0.25%. While we are sure that many Canadians were hoping rate hikes were a thing of the past, here we are again. Let’s examine why, but keep in...
Inflation: 8% to 2% by Summer?

Inflation: 8% to 2% by Summer?

Inflation drives interest rates. Interest rates drive everything else. So what could cause interest rates to decline? Lower inflation… specifically inflation below a year over year rate of 2%. The Bank of Canada’s target inflation rate is 2%. Look at the chart above...