Bank of Canada raises key rate by half a point amid stubbornly high inflation
In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months
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Stephen Tapp
Bank of Canada expected to jack up interest rates as inflation persists
“Canadian inflation is running more than three times faster than target,” Desjardins’ head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
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