Bank of Canada Raises Rates Again to 4.25%

The Bank of Canada has increased its interest rates by 50 basis points, marking the seventh consecutive hike. This decision was largely anticipated by the market, although some expected a smaller increase. The Canadian dollar has strengthened, and the TSX has shown mixed reactions. Experts Andrew Mccreath and Earl Davis discuss the implications, noting the ongoing challenges of inflation and employment. The housing market remains stable for now, but future rate hikes could impact it. Looking ahead, inflation is expected to remain high, and a recession is possible in 2023.

What was the reaction of the TSX to the recent interest rate hike?

What economic indicators are influencing the Bank of Canada's decisions?

What are the potential implications of rising interest rates on the housing market?