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The 50 basis-point increase by Canada's largest bank by market cap mirrors the Bank of Canada's hike, taking RBC's prime rate from 2.70 to 3.20 per cent. ... “We need higher interest rates.” ...
Canadian property bubble
2021–2023 inflation surge
Bank of Canada
The Bank of Canada on Wednesday revised to positive its outlook for GDP growth in the first quarter, saying Canada's economy was proving more resilient to a second wave of COVID-19 than expected ...
The Bank of Canada announced a smaller-than-expected 50-basis point rate hike on Wednesday and said future increases would be influenced by its assessment of how tighter policy was working to slow ...
Economy of Canada
Prime rate - Wikipedia ... Prime rate