Oct 25, 2018
MoneyTalk: Bank of Canada hikes rate - Brace for more to come
On Wednesday, the Bank of Canada raised its key monetary policy interest rate by a quarter percentage point to 1.75 per cent, citing the reduction of trade policy uncertainty in North America as a result of the new United States-Mexico-Canada Agreement (USMCA), which takes a big risk to the economy off the table. With the Canadian economy showing signs of strength, how high will the Bank of Canada take rates in the coming year?
In this segment from MoneyTalk, Kim Parlee speaks with Michael Craig, Senior Portfolio Manager, TD Asset Management.
Watch the video to learn more.