From CBC News: Central banks cut their rates when they want to stimulate the economy by encouraging people and businesses to borrow and invest. And they raise their rates when they want to make borrowing more expensive, to try to cool down an over-heated economy. That’s an apt description of economies around the world right […]

From CBC News: The Federal Reserve has raised its benchmark interest rate by 75 basis points to a range of up to 1.75 per cent, its most aggressive hike in almost 27 years, as the U.S. central bank scrambles to rein in runaway inflation. The bank’s rate, known as the federal funds rate, impacts the