The Bank of Canada hiked rates a full percentage point in July. FTSE Russell's Paul Bowes says that's good news for the country's financial sector, but could slow the wider economy.

#News #Reuters #SectorsUpClose #BankofCanada #ratehike #inflation #economy

Subscribe: http://smarturl.it/reuterssubscribe

Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.

Get the latest news on: http://reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en