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Bank of Canada Raises Rates by 25 bps - Cathy McMurrich

The Bank of Canada has just raised its key lending rate by 25 basis points, citing…

This marks the first change to the Bank’s overnight target rate in two years and the first rate hike since October 2018. 

In its statement accompanying the decision, the Bank said: “As the economy continues to expand and inflation pressures remain elevated, the Governing Council expects interest rates will need to rise further.”


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