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Canadian Commentary

Canadian Market Down Marginally After BoC Raises Interest Rate

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Canadian market is down marginally around late morning on Wednesday, with investors digesting the Bank of Canada's decision to raise interest rates by 25 basis points.The Canadian central bank this morning increased its target for the overnight rate by 25 basis points to 4.75%, citing stubbornly high inflation and strong than expected economic growth.The BoC, which had left interest rates unch...

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Market Analysis

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