The Bank of Canada (BoC), as expected, boosted its benchmark overnight rate by 25 basis points to 4.5% on Wednesday morning, but somewhat surprisingly said it's going to at least temporarily pause on any future interest rate increases. "Inflation is projected to come down significantly this year," said the BoC in its policy statement. "If economic developments evolve broadly in line with the [bank's] outlook, Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases." Down for the day alongside a broad sell-off in risk assets, bitcoin ... (full story)