Bank of Canada Lifts Interest Rates, Warns Path to Stable Inflation at Risk

Bank of Canada Lifts Interest Rates, Warns Path to Stable Inflation at Risk

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The Bank of Canada warned that downward pressure on inflation is at risk of dissipating. OTTAWA—The Bank of Canada on Wednesday raised its main interest rate by a quarter-point to a new 22-year high and said the path toward its 2% inflation target would take longer than planned due to resilient…

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