News Analysis
OTTAWA—With an outsized rate hike, the Bank of Canada sent a clear message on April 13 that it’s aiming to get inflation under control. Economists say they could see interest rates rising by at least another full percentage point by year-end, which poses its own risks and uncertainties for the economy. 
In two widely anticipated moves, the BoC raised its key rate from 0.50 percent to 1 percent and announced an end to its government bond-buying program. The BoC has not raised rates by 50 basis points—a basis point is one one-hundredth of a percentage point—in a single announcement since 2000. 
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