The Loonie Hour Podcast
Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years
July 15th, 2022
The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance.
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