this post was submitted on 13 Jun 2023
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Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO (betterdwelling.com)
submitted 2 years ago by [email protected] to c/[email protected]
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The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s not just a coincidence.

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[–] fabio 4 points 2 years ago (1 children)

What pisses me off is rate hikes create unemployment. It's a bad lever to pull, yet it's the one economists reach for every single time.

[–] [email protected] 1 points 2 years ago

If I recall correctly, BoC doesn't really have any other tool in their portfolio to do anything else. We need smarter politicians.