Bank of Canada Pauses Rate Hikes As US Fed Promises Further Tightening.
The bank of canada holds rates steady even as the fed promises to push higher
As expected the central bank held the overnight rate at 4.5% ending for now the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tightening. This is the first pause among major central banks.
Economic growth ground to a halt in the fourth quarter of 2022 lower than the Bank projected. “With consumption government spending and net exports all...
