Bank of Canada Hiked Key Interest Rate to 0.75 percent

Bank of Canada Hiked Key Interest Rate to 0.75 percent

Dear PGM Capital Blog readers, On Wednesday, July 12, the Bank of Canada (BOC) announced it’s raising the benchmark lending rate from 0.5 percent to 0.75 percent, which is Its first rate hike in nearly seven years  as can be seen from below chart. The central bank raised its overnight lending rate by a quarter-percentage-point Wednesday,[…]