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Beware of the Next 100 Basis Points in Canada: A Tricky Time For Deposits

The outlook for deposits should be at the top of bankers’ minds following the Bank of Canada’s recent rate hike, which represented its fourth — and a cumulative 100 bp — move in the past year. Novantas believes the action represents an inflection point that shifts the industry into a new regime in deposit behaviour and pricing. Based on lessons learned from the last rate cycle, recent rate trends, and data from the United States, ...

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