finance
Bank of Canada Official Signals Potential Back-to-Back Rate Hikes Amid Rising Oil Prices
Canadian government bonds faced a major sell-off following statements from the Bank of Canada’s top official. The official raised the prospect of back-to-back rate hikes, conditional on energy prices driving broader inflation. This occurred as oil prices were spiking, according to @business.
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Canadian government bonds experienced a significant sell-off, as reported by @business. The Bank of Canada’s top official raised the prospect of back-to-back rate hikes. This statement came amid rising oil prices.
The official conditioned these potential back-to-back rate hikes on energy prices causing broader inflation. @business reported that the bonds were hammered in response, just as oil was spiking.
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