 The Bank of Canada today increased its target for the overnight rate to 412, with the Bank Rate at 434 and the deposit rate at 412. The Bank is also continuing its policy of quantitative tightening.Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as well as improvements in global supply chains. In the United States and Europe, economies are slowing but proving more resilient than was expected at the time o... 