Key interest rate now sits at 4.75%, highest it's been since 2001
Canadian economy still growing despite interest rates that are at their highest levels since 2007
Transition to higher interest rates creates risk, the central bank governor said
Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations
Central bank is prepared to raise interest rates further if required
Held off on a hike, but a cut in policy rate later this year ‘doesn't look like the most likely scenario’
There were a mix of changes and an update from RBC Wealth Management Canada on its offer to Gluskin Sheff advisors
Help clients ride out the storm with well-structured portfolios
Strategists take a defensive portfolio stance
In a speech, the Bank of Canada's senior deputy governor touted the advantage of independent monetary policy