Bank of Canada Delivers Surprise Rate Hike

The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot. Policymakers led by Governor Tiff Macklem raised the overnight lending rate to % on Wednesday, the highest since 2001. BNN Bloomberg’s Amber Kanwar reports. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: