Bank of Canada 'Insurance Hikes' Expected in October as Fed's Move and Bond Yields Soar

4.201% — the yield on Canada's 30-year bond sold at Thursday's auction, the highest since July 2007, signaling that elevated borrowing costs are now baked into the government's long-term fiscal outlook.

Money Moves

• Fed Hike Puts BoC on the Clock — Oxford Economics now forecasts the Bank of Canada will raise rates twice starting in October, a dramatic shift from their earlier call for no moves until 2027.
• Loonie Under Pressure — The U.S....