From cutting to hiking: what the Bank of Canada's pivot means for investors
The Living Market PodcastShow Notes
The Bank of Canada (BoC) just raised interest rates by a quarter of a percentage point to 2.5%; the question is no longer when the next cut is coming, but how many hikes might still lie ahead. Philip Petursson, Chief Investment Strategist at IG Wealth Management, breaks down why a stronger economy and sticky inflation above 3% have shifted the BoC's outlook, what it means for bond investors, and how rising rate differentials and elevated oil prices could give the Canadian dollar a lift.
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