The Bank of Canada’s benchmark interest rate is staying at 4.5 per cent, a move widely anticipated by economists. But how long will things stay the status quo? Anne Gaviola looks at what could trigger a hike, what needs to be done to avoid a recession, and what market watchers are expecting the central bank to do by the end of 2023.
- How big banks dominate Canada’s financial landscape
- Canada is not immune to banking instability, central bank chief warns
- High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?