Bank of Canada’s latest interest rate hike came with ‘big shift’ in messaging and leaves significant ‘room to manoeuvre,’ say observers
Tom Davidoff, a professor at UBC’s Sauder School of Business, said the bank's message has shifted from ‘the beatings will continue’ to ‘the beatings will continue, unless morale improves.’
The Bank of Canada’s latest interest rate hike of 50 basis points was notable not so much for the increase itself, say policy experts, as for hints of the “possibility” the central bank could move in a different direction in the new year.
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