Wednesday, 31 August 2022
By Mortgage Outlet
Leah Zlatkin quoted in the Toronto Star: ‘Bank of Canada to Hike Interest Rates Wednesday by Three Quarters of a Percentage Point, Experts Predict’
While a smaller, 50-point rise isn’t out of the question because of evidence the Canadian economy shrank slightly in July, a 75-point rise has grown more likely because of hawkish sentiments from the U.S. Federal Reserve, argued Leah Zlatkin of lowestrates.ca, a website that provides quotes for insurance, mortgages, credit cards and loans.
Simply put, central bankers tend to march in something resembling lockstep, especially when they’re from neighbouring countries with heavily-intertwined economies, as those of Canada and the U.S. are, Zlatkin said.
