Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
But Canadians continue to pay substantially higher prices for groceries
The central bank raised its key lending rate to 5% on Wednesday
Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending
Expectations of higher borrowing rates are having a knock-on effect across lending markets
Many economists described the message from the June meeting as a blurry one
Prices rise in Germany and fall in Spain
Consumers continue to spend despite rising borrowing costs
Waning globalization complicates BoC's inflation challenge, TD report says
Despite rate increases, Fed chairman says rates "haven't been restrictive very long"