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  • Writer's picturePopCan
    • Mar 28, 2022
    • 1 min read

Market pricing in half-point hike by Bank of Canada in April

BNN: 'Data tracked by Bloomberg Monday morning indicated that a 50-basis-point move is now being fully priced in for the policy meeting on April 13. As recently as last week, the market was only banking on a quarter-point move. On Friday, Bank of Canada Deputy Governor Sharon Kozicki said in a speech that the central bank is "prepared to act forcefully" to rein in inflation, which has surged far above the bank's target range of one to three per cent.'

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