Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher
OTTAWA – Canadians should expect interest rates will climb even higher, the Bank of Canada said Wednesday after announcing another supersized interest rate hike. The central bank raised its key interest rate by three-quarters of a percentage point and signalled this won’t be the last increase as it continues its battle against high inflation. The rate hike, which followed a full percentage point … Continue reading Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher
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