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Breadcrumb Trail LinkseconomyThe Bank of Canada did exercise patience, but not enoughPublished June 08, 2023 • Last updated 1 day ago • 4 minute readThe Bank of Canada’s tone on June 7 was hawkish, leaving the door open for another interest rate hike in July. Photo by Sean Kilpatrick /The Canadian PressArticle content
The Bank of Canada pulled an RBA and hiked rates on June 7 with the market mostly (call it 60-40) priced for no move and more than 80 per cent of Bay Street economists believing the central bank would hold its fire.…