Bank of Canada hikes key interest rate 50 basis points for 2nd time in a row

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June 1, 2022
 
 
ECONOMY June 1, 2022 10:00 am

Bank of Canada hikes key interest rate 50 basis points for 2nd time in a row

The 50-point move was expected by economists who predicted the Bank of Canada would raise rates for the third time this year in an effort to tamp down on high inflation levels.

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