Bank of Canada hikes key interest rate 50 basis points for 1st time in 22 years

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April 13, 2022
 
 
ECONOMY April 13, 2022 10:00 am

Bank of Canada hikes key interest rate 50 basis points for 1st time in 22 years

The Bank of Canada is raising its key interest rate by half a percentage point, up to an even one per cent, in its first move of that magnitude in more than 20 years.

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