Home Finance Economics Why is the Canadian economy so resilient to rate hikes?

Why is the Canadian economy so resilient to rate hikes?

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Tiff Macklem, governor of the Bank of Canada

Despite the fastest monetary tightening cycle in the country’s history, the Canadian economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week.

Analysts are betting on another rate hike in July, to help the Bank of Canada bring inflation back down to its 2% range....

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