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Bank of Canada hikes rates again

The Bank of Canada raised the overnight lending rate and the Bank Rate by another 25 basis points to 4.25% and 4.50% respectively. The language seemed to me to indicate that the Bank of Canada may pause here, perhaps taking a summer break, to await further data. Monetary policy does operate with a long lag, so it is time for a pause.

 You can also read more about this here at www.bankofcanada.ca/en/fixed-dates/2006/rate_240506.html

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