Jeremy Kronick, Senior Analyst with the C.D. Howe Institute says the macroeconomic effects of the rate increase are yet to be seen.
The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.