Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll
www.reuters.com
The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
  • EhForumUser@lemmy.ca
    1·
    1 year ago

    without considering the possibility that interest rates would go up

    More likely they did consider it, but when the BoC explicitly stated that they would not raise rates…

    • phx@lemmy.ca
      2·
      1 year ago

      And the cost of renting was actually exceeding the mortgages, sometimes considerably, and for less quality