Bank of Canada hikes interest rate to highest level in 15 years

Bank of Canada hikes interest rate to highest level in 15 years

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The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to the highest level in almost 15 years and signalled its historic tightening campaign was near an end. The central bank has raised rates at a record pace of 400 basis points in nine months to 4.25…

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