July 20, 2010, 10:53 am

Bank of Canada Hikes Rate Once Again; Prime Rate Will Be 2.75%

by: The Financial Blogger    Category: Investment, Market and Risk
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Quick Canadian rate update this morning as the Bank of Canada was discussing the interest rate.

This is with no surprises that Mark Carney hikes interest rate this morning. The Bank of Canada Governor announced a second raise of the interest rate to 0.75%.

Canadian economic growth is expected to keep going at a 3.5% pace while latest employement creation results were fairly positive. The inflation remains under control and economists expect one or two other raise for the interest rate by the end of 2010.

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