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With the economy expected to “grow by 2.8% in 2017” up from their April forecast of 2.6%, the Bank of Canada has decided to raise interest rates for the first time in 7 years to 0.75% It may be minor, but it should be just enough for the Bank of Canada’s Stephen Poloz to cut them again when things start to get tough, and the 2.8% growth vanishes

Is the Bank of Canada going to raise its overnight benchmark rate? Since rising interest rates are decreed by the central bank, the real scarcity of capital in which major financial institutions can borrow and lend out overnight amongst themselves is unknown. Disconnected from any real savings, we expect the Bank of Canada to manually raise rates

For the second time in less than two months, the  Bank of Canada has raised interest rates. On Wednesday, the central bank raised its overnight lending rate by a quarter per cent to 1 per cent. The move surprised many who weren’t expecting a rate increase until later this Autumn. Just like last time,  the rationale behind higher rates was centred