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National Bank Of Canada Calls 2022 “The Year Of The Hike,” Sees Rates 6x Higher
Posted by Teri-Lynn Jones on
DECEMBER 11, 2021
One of Canada’s “Big Six” banks is declaring next year to be “The Year of The Hike.” National Bank of Canada (NBC) chief strategist (and poet-in-residence) Warren Lovely is calling the first interest rate hike in just a few months. He sees the Bank of Canada (BoC) making its hike in March, way ahead of schedule. Over the next year, the overnight rate is forecast to recoup much of the ground lost during the pandemic. However, Canada’s real estate bubble will prevent it from going much further. Since the country went all-in on housing, it can’t pursue more aggressive policies like healthier economies.
The Bank Of Canada Will Hike Rates In March
Canada is expected to wind up its overly easy monetary policy pretty fast.…
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