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The biggest non-surprise of the summer – BOC (Bank of Canada) key interest rate went up ¼% June 1st. Usually, a rate rise is a signal of next steps in a stairway of increases. But not this time – BOC’s announcement may even have left the door open to a rate pull-back if needed.Rates likely won’t experience an “upward trend” until economic uncertainty overseas settles or Canada’s inflation rate jumps to over 2%.
