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Breaking: Bank of Canada hikes policy rate by 50 bps to 4.25% as expected

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Breaking: Bank of Canada hikes policy rate by 50 bps to 4.25% as expected – by FXstreetNews Breaking BOC CentralBanks

"There is growing evidence that tighter monetary policy is restraining domestic demand."

"Global economic growth is slowing, although it is proving more resilient than predicted in October Monetary Policy Report." "Q3 Canada GDP was stronger than expected, the economy continues to operate in excess demand; labor market remains tight." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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