Eight months ago we reported that Hydro was on its deathbed, based on the testimony of the utility's own witnesses at a hearing of the Manitoba Public Utilities Board.
Since then the patient's condition has deteriorated rapidly. It's time to call the family to pay their last respects.
Last week the Bank of Canada announced that the years of low interest rates are officially over. The Bank raised the bank rate by one quarter of one percent. It was the third rate hike within a year. It's just the start.
The Bank of Canada expects at least one and possibly two more rate hikes in 2018. That will bring the bank rate to about half of where the Bank wants it to be. You read that right---half. The Bank of Canada wants the bank rate to steady out at 2.5 percent, the lower end of a range the Bank feels is right for a healthy econo…