Bloomberg Television
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Bank of Canada Delivers Surprise Rate Hike
Posted
June 7, 2023
Views
19,337
Likes
168
Comments
65
Engagement
1.20%
June 7, 2023
19,337
168
65
1.20%
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3:08Now PlayingThe Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot.
Policymakers led by Governor Tiff Macklem raised the overnight lending rate to 4.75% on Wednesday, the highest since 2001. BNN Bloomberg's Amber Kanwar reports.
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