Overnight rate to 5%, maybe more, implies market

Floating-rate borrowers hoped (prayed) the Bank of Canada’s rate pause would last. It lasted all of 133 days.

The Bank was forced to hike before seeing today's vital jobs report, before a cut was priced in and with no press conference Wednesday to explain itself. That's what worried central bankers do after realizing they paused prematurely.

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.