The Bank of Canada just raised rates for the first time since 2023, taking the overnight rate from 2.25% to 2.5%. The economy isnât booming, so why now? Nick and Dan explain how oil and the Middle East conflict are pushing the Bank to act, and recap the full ride from the 2022 hikes to the 2024 cuts and a year of holds.
They also cover what economists predicted, why Australia, Europe and the UK are raising rates too, and the number that matters most: the Bank now sees 3.1% inflation in 2027.
Finally, they get into what it means for your mortgage: fixed vs variable, where prime is headed, and why variable borrowers should run their numbers at a higher rate before renewal.
Join us at Unpacking Multiplexes Montreal, Thursday, November 19 at the Grande Bibliothèque
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