Bank of Canada Takes Aim at Inflation with Interest Rate Hike

Last update: June 9, 2023 Bank of Canada Hikes Prime Rate, Signalling More Pain Ahead The Bank of Canada raised its key interest rate by 0.25 percentage points on Wednesday, bringing the overnight rate to 4.75%. This is the highest level the rate has been since 2007. The central bank said it is raising rates […]

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