For those not following Canada's economy. Two weeks ago no one was sure if they'd hike the rate again, and no one thought they'd do it so quickly (though it seemed likely they'd do it ~oct/nov).
But, Canada posted exceptionally strong growth numbers (4.5%) at the end of August, which kind of made this very likely.
Also, the government just sold bonds that mature in 2064 (at 2.2%) and has indicated that it might issue more "ultra-long bonds" in the coming months.
All this to say, money's going to stop being cheap.
But, Canada posted exceptionally strong growth numbers (4.5%) at the end of August, which kind of made this very likely.
Also, the government just sold bonds that mature in 2064 (at 2.2%) and has indicated that it might issue more "ultra-long bonds" in the coming months.
All this to say, money's going to stop being cheap.