Bank of Canada interest rate hike: what you need to know

Article content

The Bank of Canada surprised markets this week by hiking its key interest rate by 50 basis points rather than the 75 expected. FP Video breaks down the decision, talks to an expert about what it means and examines what comes next for the economy.

Article content

Stephanie Hughes, finance reporter for the Financial Post, walks us through the Bank of Canada’s decision.

Smaller hike shows Bank of Canada almost done

We talk to Jean-Francois Perrault, Scotiabank chief economist, about how the smaller hike suggests the Bank of Canada is nearing the end of its rate hiking cycle.