There is supposed to be another rate hike of .5% in september anyways. Hopefully though the BoC thought right. If they did you will see an inverse yield curve for bonds develop within the next few months.
They are cooling the economy but by no means stifling its growth. I wouldn't say i exactly love this rate hike as i work for a bank, and my bonus is partly dependent on how well the bank does, but it is welcome if it lowers my living costs even a little.
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