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Retail Rate Forecasts

The Bank of Canada Surprises with Another Rate Hike

June 15, 2023
Lorenzo Tessier-Moreau, Principal Economist • Hendrix Vachon, Principal Economist

  • Interest rate hikes still haven’t hobbled the global economy.
  • Canada’s overnight rate could soon hit 5.0%.
  • The Canadian dollar got a boost from the Bank of Canada.
  • Stocks are off to a strong start this year, but serious risks remain.

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