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Article: Bank of Canada Kicks Off Rate-Hike Cycle
Article: Bank of Canada Kicks Off Rate-Hike Cycle
Two years after drastically cutting Canadian interest rates at the start of the pandemic, the Bank of Canada has kicked off a new rate-hike cycle.
Bank of Canada Announcement (March 2, 2022)
Bank of Canada Announcement (March 2, 2022)
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.
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