Bank of Canada slows pace of rate hikes but Macklem warns more to come

OTTAWA – The Bank of Canada signalled it is drawing closer to the end of what’s been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point – but made it clear that more rate hikes are coming as inflation stays hot. Though less than what some economists expected, the increase … Continue reading Bank of Canada slows pace of rate hikes but Macklem warns more to come