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Bank Of Canada Raises Interest Rates Less Than Expected

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by , 10-27-2022 at 10:24 AM (182 Views)
      
   
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Citing elevated inflation, the Bank of Canada on Wednesday announced its sixth consecutive interest rate increase of the year. The Bank of Canada raised its target for the overnight rate by 50 basis points to 3.75 percent, although economists had been expecting another 75 basis point rate hike.

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