Bank of Canada expected to hike interest rates for the eighth straight time

The Bank of Canada announces Wednesday morning whether it’s raising its key overnight lending rate for the eighth straight time as it attempts to battle inflation.

Markets are predicting a 25 basis-point hike. Overnight “swap” trading is predicting a 75 per cent likelihood of a 25 basis-point hike. The overnight rate began last year at 0.25 per cent, where it had been since the Bank dropped it three times in one month in March 2020, as the global COVID-19 pandemic was declared.

Following the 10 a.m. rate announcement, for the first time ever, the Bank will also be releasing minutes of its internal debate on what led to Wednesday’s decision.

Jail the bankers. Tax the ultra rich.

All part of the plan to take your land and you can own nothing and be happy on UBI!! Wake up

What if increased interest rate is shared equally between the lenders and loans borrowers? Don’t you think it could reduce possible home mortgage defaults. What if any increase in interest rate to address inflation does not affect existing home mortgages? Financial discipline!

Bring it on!!!!

Idoits if they do

18% here we come. Its like we are repeating history lol

Corrupt pos.

Burn in hell bank of CANADA

Profits, Profits, Profits

GFY BOC... (I think I did that right)

'Bank of Canada expected to hike interest rates for the eighth straight time' No surprise there ! Trudeau keeps printing money Gives it to Ukraine, others Devalues the dollar The banks must increase the interest rates Keep paying your taxes Zelensky and Ukraine are waiting

They are ideologically committed to increasing unemployment.

Stop it! You are breaking our backs!

good stuff

There is still breathe in Canada's lungs. Trudeau must bring the country to it's knees. He has horrible things in store and the far left liberals and ndp don't have a clue.

💩 BOC💩

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