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Bank of Canada Implements Historic Rate Hike Amid Inflation Concerns: A Look Back and Forward

The Bank of Canada has once again raised its overnight rate, pushing it to a 22-year high of 4.75%, marking a pivotal moment in the country’s financial history. This move is the latest in a series of rate increases that began in March 2022 and has resulted in the fastest tightening cycle in the bank’s history. Analysts and markets are already anticipating further hikes in the coming months, with a high likelihood of another increase in July

Cryptocurrencies, Fiat Currencies, and Central Bank Digital Currencies: A Battle for Supremacy? (Part 2)

As the world moves towards increased digitization, the financial landscape is witnessing a clash of different monetary systems: cryptocurrencies, traditional fiat currencies, and the emerging Central Bank Digital Currencies (CBDCs). In this final article of our series, we will delve into the complexities of these three systems, discuss their potential interactions, conflicts, and explore the possible outcomes of this monetary tug-of-war.