Breadcrumb Trail Links News FP Economy Watch: FP’s Stephanie Hughes explains what the increase could mean for the economy and your mortgage Bank of Canada governor Tiff Macklem enters the central bank’s offices in Ottawa. Macklem announced a 100-basis-point rate hike on Wednesday, surprising economists and consumers. Photo by Blair Gable/Reuters What you should know about the Bank of Canada’s 1% hike 2022-07-14 15:19:17