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Market Watch Weekly | April 14 | Where does the Easter Bunny Eat? ...IHOP

Erik Dekker - Apr 14, 2022
North American markets were mixed on the week with investors in Canada focused the Bank of Canada, which pushed ahead with its first 50-basis point interest rate hike in 22 years on Wednesday, a move that came as no surprise to economists and bank...

North American markets were mixed on the week with investors in Canada focused on the Bank of Canada, which pushed ahead with its first 50-basis point interest rate hike in 22 years on Wednesday, a move that came as no surprise to economists and bank watchers who had widely anticipated the increase. The hike also came in back-to-back meetings for the first time since 2017. The aggressive move — which included announcing that the central bank would begin quantitative tightening, or reducing the amount of government bonds held on its balance sheet, effective April 25 — is an acknowledgement of the need to move “forcefully” to combat rising prices and return rates to more neutral levels.

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