Knowledge Centre Archive
Well That Was Fast: The Bank of Canada Shifts Gears
- After several years of commitment to a stimulative low-interest rate environment, the Bank of Canada abruptly shifted gears and began tightening policy.
- The reaction in short-term rates was swift and sharp; the rise in long-term rates was more subdued.
- Investors should remain calm, remembering the benefits of diversification. We believe our portfolios are well positioned for the challenges of rising interest rates.