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How does BoC interest rate helps Canadian economy?

In the given situation where inflation and commodity prices are super high, Bank of Canada is attempting to raise the target overnight rate. Higher rates are intended to shift consumer expectations and put a leash on the excess demand. Recent stats show the unemployment rate is going down. This means people got jobs and increased earnings. This is a good sign but this fact has nothing to do with the overnight Bank of Canada rate

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How does BoC interest rate helps Canadian economy?

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  2. How does BoC interest rate helps Canadian economy? In the given situation where inflation and commodity prices are super high, Bank of Canada is attempting to raise the target overnight rate. www.mortgagedeliveryguy.ca

  3. How does BoC interest rate helps Canadian economy? Higher rates are intended to shift consumer expectations and put a leash on the excess demand. Recent stats show the unemployment rate is going down. This means people got jobs and increased earnings. This is a good sign but this fact has nothing to do with the overnight Bank of Canada rate. www.mortgagedeliveryguy.ca

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