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REPEAT: MNI POST-BOC: Bank of Canada.........>

CANADA
CANADA: REPEAT: MNI POST-BOC: Bank of Canada Raises Rates, Removes "Gradual"
- A hawkish Bank of Canada raised its benchmark interest rate by 25 basis points
as expected and replaced a reference to a "gradual" pace of future hikes with a
declaration that rates should rise to a "neutral" level. While U.S.-China
tensions and still elevated household debt levels remain as risks, the BOC drew
confidence from a preliminary U.S.-Mexico-Canada preliminary trade agreement and
a moderation in household credit growth as it boosted its overnight rate target
to 1.75%.
- For full story see MNI Main Wire at 21:00 BST 10/24, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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