Did the Bank of Canada overshoot when it raised rates?

The Briefs: OSFI raises buffers for banks; Equifax reports higher credit card use by business; Tourism industry on the ropes; Retail sales defies expectations, again; Competition Bureau fines Canada Bread in long-running price fixing investigation Inflation may be cooling in Canada - a look at the prices producers are paying for raw materials, By The Numbers Should grocers pay a windfall tax on profit, if they are found to be behaving in an uncompetitve fashion? Does Canada have a competition problem? Bill S-5 gives Canadians the right to clean air and water - is that a can of worms? Banks appear to be pulling back on lending to business...but while they should remain prudent about bad loans, maybe they can afford to take a little more risk on Canada's entrepreneurs? Even if it means a few of those loans go bad.