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How Many More Rate Hikes Will the Bank of Canada Make?

Vancouver, Toronto, Calgary
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The BoC in its latest interest rate announcement suggested that its next hike may not be the last in its current cycle. A 0.5% increase to the Bank’s policy rate was a slightly smaller step than anticipated by markets, which had expected a 75bp hike. The Bank looks likely to hit pause on its rate-hiking cycle, as it assesses how those increases are impacting Canada’s economy and inflation. Whatever the case, it has indicated that the end of rate hikes for now is approaching.

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna, Quebec, British Columbia, Ontario, Alberta