. Bank of Canada increases interest rate to 3.25% « JO LEE MAGAZINE

Darpan – The Bank of Canada raised its key interest rate by three-quarters of a percentage point Wednesday and signalled this won’t be the last increase as it continues its battle against high inflation.

The rate hike was in line with what many economists were expecting and brings the bank’s key rate target to 3.25 per cent.

In the rate announcement…

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