Bank of Canada hikes rates, becomes first major central bank to signal pause

Bank of Canada hikes rates, becomes first major central bank to signal pause

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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. The 25-basis-point rise matched analysts' expectations. The bank has…

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