Bank of Canada Moves to Control “Excess Demand” By Raising Rates, Implements QT
Canada’s central bank said they would “forcefully” control inflation last month. In the first rate announcement since that statement, the Bank of Canada (BoC) took the first steps of following through. To curb “excess demand,” the central bank raised rates aggressively and even set a date to begin reversing its QE program. Canada’s Overnight Rate […]