Bank of Canada increases rates by 50 bps, says hikes may be over

Bank of Canada increases rates by 50 bps, says hikes may be over

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OTTAWA, Dec 7 (Reuters) - The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signalled the tightening campaign was near an end. The central bank, which has raised rates at a record pace of 400 basis…

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