For the second time in less than two months, the Bank of Canada has raised interest rates. On Wednesday, the central bank raised its overnight lending rate by a quarter per cent to 1 per cent. The...
Caleb McMillan
Caleb McMillan writes from Vancouver, British Columbia.
Latest work
With the economy expected to “grow by 2.8% in 2017” up from their April forecast of 2.6%, the Bank of Canada has decided to raise interest rates for the first time in 7 years to 0.75% It may be minor...
Is the Bank of Canada going to raise its overnight benchmark rate? Since rising interest rates are decreed by the central bank, the real scarcity of capital in which major financial institutions can...
