MACROSCOPE: Bank of Canada on hold for now, but don’t break out the champagne just yet
The Bank of Canada “(BoC” or “the Bank”) left its benchmark overnight rate unchanged at 1.75% on January 9, providing temporary relief to Canadians who have been grappling with rising interest costs for the past 18 months (Figure 1) on near-record levels of debt. Click here to read our latest market bulletin.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
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