Policy Mistakes

Policy Mistakes

Last year, the Bank of Canada and central banks globally were committed to the idea that inflation was transitory and once supply chain issues were resolved prices would return to normal. In Canada this was especially strange given the Bank of Canada only mandate was...
Interest Rate Update – Bank of Canada

Interest Rate Update – Bank of Canada

Yesterday (June 1, 2022) the Bank of Canada’s raised its overnight rate by 0.5% to 1.25% and 5-year government of Canada bonds are now yielding around 2.95% up from around 2.65% prior to their announcement.  The 50-basis point increase from the Bank of Canada was...