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'

The Bank of Canada has sucker-punched rate floaters and the real estate market with a 25 bps rate boost. In one swift statement, it has decidedly reset rate expectations. Market odds now have a July 12 hike at a 61% probability, with potentially another increase by December. Another move would

The Bank of Canada's job isn't done—judging from the hike and a half now priced into the #OIS# market this year. Markets see what the BoC sees: stubborn perkiness in labour, services and housing markets, with core inflation plateauing. The Bank of Canada knows rates