
Don’t Fear the Rate Hikes
Last week, I came across an article with this headline:
“Bank Of Canada Will Raise Rates 500% This Year, To Start Within Weeks.”
Pretty scary headline right? The article claimed that there will be five rate hikes of 0.25% this year. Even worse, these hikes will start almost immediately – meaning the first hike will happen at the first Bank of Canada announcement of the year.
That announcement happened yesterday. No rate hike.
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