monetary

The Canadian dollar raised to its highest in 14 years. In hope to stabilize that, the target for the overnight rate was kept at 3.5% despite all the rumors about it going up on March 1st. With the prediction that the dollar is to rise in the next couple of months we might see a constant target for overnight rate for a while. Although it's good news for mortgages payers with the inflation rate prediction around 2.8% for the next while I am not quite sure how that is going to play out ... and what will that mean for people traveling back and forth between the US and Canada?