Interest rate trajectory will depend heavily on housing market, Bank of Canada deputy governor says - The Globe and Mail


5/12/2022 12:00:00 AM2 years 11 months ago
by Mark Rendell

Bank officials have said they intend to get the benchmark rate into a ‘neutral’ range of between 2 per cent and 3 per cent relatively quickly

There are some signs that Canadas hottest housing markets have already begun to cool in response to rising interest rates.Evan Buhler/The Canadian Press The Bank of Canada needs to keep raising inte… [+4858 chars]

full article...