The Hits Keep Coming, Bank of Canada Delivers Another Rate Hike
The Loonie Hour
The Fed's Inflation Target
The bank of Canada achieved a 1.2% inflation rate in the last 12 months, which is on target but not enough for them to raise interest rates. The BOC has been talking about raising the inflation target and doing inflation averaging in order to increase sort of the run rate of inflation. And we've actually seen house price growth this year that was one of the reasons for them raising rates back in June again in July.
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