Bank of Canada hikes key interest rate by full percentage point in surprise move

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July 13, 2022
 
 
ECONOMY July 13, 2022 6:53 am

Bank of Canada hikes key interest rate by full percentage point in surprise move

The Bank of Canada raised its key interest rate to 2.5 per cent on Wednesday with a hike of 100 basis points in an effort to rein in rampant inflation.

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