Immigration may help Canada lower interest rates

October 27, 2022

On October 26, the Bank of Canada (BoC) increased the policy interest rate by 50 basis points, up to 3.75%. 2022 has been a year full of continual interest rate hikes, as the BoC has been increasing its policy interest rate throughout the year in an effort to aggressively combat inflation in Canada. Initially, when
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Immigration may help Canada lower interest rates