Interest Rates Hike Canada 2022
Interest Rates Hike Canada 2022 Interest rates have been historically low in Canada. Inflation has risen to 40 years high. To counter it and keep the inflation under control bank of Canada has taken a bold step in the right direction. Bank of Canada recently increased interest rate by a half point two times in recent months, taking it to 1.5 per cent in June. During the pandemic interest rates were lowered to new low…