Canada will need more Bank of Canada rate hikes to cool housing frenzy, economists say - The Globe and Mail

With the economy continuing to grow and inflation soaring well above the target of 2 per cent, the Bank of Canada’s governing council said it expects interest rates will need to rise further

Construction work continues at the site of a condominium development in downtown Toronto on Oct 18, 2021. The last time the Bank of Canada embarked on a series of rate increases was after the 2016 re… [+6084 chars]

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