THE BANK OF CANADA INCREASES OVERNIGHT RATE
Posted on Mar 02, 2022
The Bank of Canada increased it's key interest rate to 0.5% in an effort to tapper down the economy and control the surging inflation. However, economists are warning that high prices will remain a regular part of life for months to come. The overnight rate target will rise 25 basis points, up from the 0.25 percent it held for much of the pandemic...