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Bank of Canada Hikes Interest Rates And Its Inflation Forecast

November 20, 2022

Bank of Canada Raises Interest Rates By 50 Basis Points (BPS) The BoC delivered its widely-expected “super” hike today — slang for a 0.5 point hike, double the usual pace. The overnight rate is now at 1.5 points, about 6x the historic low reached as recently as the start of this year. Despite all of the complaints, Canada’s interest …

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