The target for the overnight rate now stands at 1.00% - an 25 basis point increase from 0.75%.
"If you believe that we are in a rising rate environment then I think generally speaking it's a positive event for TD as long as the rate hikes are in an orderly fashion and do not tip the economy into a major slowdown", Masrani said.
Interestingly, the BoC did also reference elevated household indebtedness and the impact that these rate rises could have on it.
The Bank of Canada have made it clear that any future interest rate decision will be made exclusively on economic data releases, and as such have not given any further signals to monetary policy decisions.
The bank also said that although the global economy is seeing stronger than expected growth indicators there are "significant geopolitical risks and uncertainties around worldwide trade and fiscal policies remain, leading to a weaker United States dollar against many major currencies".
Futures trading suggests investors were anticipating - before Wednesday's rate decision - as many as three hikes from the Bank of Canada by the end of 2018, versus one more for the Federal Reserve. In the US, where the bank has a large deposit base, the four rate hikes handed down by the Fed has been a "tailwind", he added.
"There is some concern that a rate hike is too much too fast", said Shailesh Kshatriya, director for Canadian strategies at Russell Investments Canada.
Pristine Pliskova routs Brady to book quarterfinal place
Kanepi, who's missed nearly two years of play with plantar fasciitis, is playing her first Grand Slam since the 2015 US Open. Once I got broken in the third, I just kept telling myself just try to figure it out, just get as many balls in as you can".
This marks the second straight meeting at which Canada's central bank increased its main interest rate, which has been on hold for seven years, and unwinds the two rate cuts it delivered in 2015 to deal with negative fallout from the commodity-price swoon.
What that all means, of course, is that anyone who's overextended on credit - and has been relying on historically low interest rates to keep afloat - could very quickly be in trouble.
The Canadian dollar initially surged on the news to a fresh two-year high, although it pared back some of the early gains.
Overall, the council judged that some further removal of considerable monetary policy stimulus is warranted.
Future monetary policy decisions are not predetermined and will be guided by incoming economic data and financial market developments as they inform the outlook for inflation. The Canadian Dollar is being aided by geopolitical risks, uncertainty around worldwide trade, and fiscal policies remain uncertainty in The United States.
The bank, for its part, did make mention of the soaring loonie - pointing to the weaker US dollar and the strengthening Canadian economy.