Royal Bank of Canada was the first of big banks to announce its increasing its prime lending rate following the Bank of Canada’s interest rate hike.
Many experts say the Bank of Canada is leaving the door open to hike its key policy rate at least one more time.
Canada's main stock index closed in slight negative territory Wednesday, reversing the morning rally that came after the Bank of Canada announced plans to hike its key interest rate by half a percentage point.
Here's what experts are saying about the Bank of Canada hiking its key policy rate by half a point to 4.25 per cent.
The Bank of Canada raised its key policy rate half a point to 4.25 per cent on Wednesday, in line with most economist estimates. Read the full statement from the central bank.
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