Bank of Canada Rate Update – April 13th 2022

The Bank of Canada had their rate update today (April 13th, 2022) and announced another much anticipated rate increase to the overnight rate. It was risen by 0.50% to 1.00%. This is still lower than pre-pandemic levels. The Bank of Canada overnight rate was 1.75% and was 1.25% in March 2020. Below, we clarify what … Continued

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