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The Loonie Hour

Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years

15 Jul 2022

Description

The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance.See omnystudio.com/listener for privacy information.

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