OTTAWA – OTTAWA – The Bank of Canada has raised its key interest rate by half a percentage point to 1% from 0.5%, the first half-point hike in more than two decades amid soaring inflation.
This is a breaking news update, our previous story follows…
The Bank of Canada will make its latest interest rate decision this morning when it also releases its updated outlook for the economy.
The central bank raised its key interest rate a quarter of a percentage point last month to 0.50 per cent.
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