banks

The Lazy Economist: An expert explains the Bank of Canada’s interest rate hike

As many major Canadian news outlets reported this week, the Bank of Canada raised its interest rates to 1.75 per cent. If you’re unsure about that, you’re not alone.Continue...

The Lazy Economist: How do banks really make money?

Even though I study economics, I didn’t fully understand how banks made money until I came across the explanation in my Macroeconomics textbook last year.Continue...