What’s driving Canadian interest rates?

Long term interest rates have been on the rise despite the Bank of Canada cutting its overnight rate twice so far this year, indicating that factors beyond the central bank’s policy rate are driving borrowing costs. In this report we highlight factors influencing Canadian long-term interest rates, which can be useful for the millions of households and businesses who will have to decide on borrowing products amid upcoming loan renewals. We also present updated economic forecasts that reflect the impact of America’s trade war on Canada.

Economic outlook darkens

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