Bank of Canada Delivers Hawkish 50 bp Hike, Pledges to Act Forcefully; USD/CAD Subdued

Bank of Canada raises rates by 50 bp to 1.50% in bid to tackle inflation, signaling that borrowing costs will need to rise further and that the bank is prepared to act more forcefully if needed. Via DailyFX - Market News https://ift.tt/v78o3gs