Fed hike pulls down Canadian rates

The world's most influential central bank upped its cost of borrowing 25 basis points today. It was the Fed's smallest hike since March 2022.

America's policy rate is now its highest in over 15-years, and well into what policymakers call "restrictive territory."

Stock and bond markets around the world rallied on the Fed's decision. The bond market, which has been leading the Fed (not vice versa like the old days), drove yields lower. Canada's all-important 5-year yield, for example, dove 10 bps to 2.94%.

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.