Bank of Canada expected to announce another key interest rate hike
Canada’s year-over-year inflation rate was 7.6 per cent in July, well above the central bank’s two per cent target.
As well as hot inflation, the rate decision comes as the Canadian economy remains in relatively good shape and the unemployment rate is at historic lows. However, economists widely expect an economic slowdown is on the horizon.Consumer Matters: Remortgaging during soaring interest rates
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