Market Insights
Bank of Canada raises key interest rate by 1 percentage point, the biggest move since 1998
From The Globe and Mail – The Bank of Canada gave the economy a surprise jolt on Wednesday, raising its benchmark rate by a full percentage point in a sign that it is growing increasingly worried about inflation and is willing to slow economic growth to get consumer prices back under control.
Q2 2022: Heightened scrutiny noted in investor sentiment amid interest rate hikes and a spike in bond rates
From Altus Group – The latest results from Altus Group’s Canadian Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rate (OCR) rose to 5.04% in Q2 2022 as compared to the previous quarter which was at 4.91%.