Half-point BoC hike 'starting to smell like an overshoot': Devlin - BNN

"The market is now pricing an actual tightening, even though we're still emerging from a pandemic, and we're dealing with the outbreak of war in Europe. For me, this starts to smell like an overshoot"

The former head of Pimco's Canadian portfolio management team is not buying into the view that the Bank of Canada should raise its main policy rate by half a percentage point next month. "The market… [+3127 chars]

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