The Bank of Canada is keeping its overnight lending rate unchanged at 0.25 percent. The central bank is signaling a 2022 rate hike, and reducing its weekly asset purchases to $3B per week. Ed Devlin, founder of Devlin Capital, senior fellow at C.D. Howe Institute, and former head of Canadian portfolio management at PIMCO, joins BNN Bloomberg to weigh in.
Ed Devlin on BNN – Bank of Canada Policy Rate Decision
April 21, 2021