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Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflationEnergy Markets & Prices
The Bank of Canada raised its benchmark overnight rate by 25 basis points to 2.5%, its first increase since July 2023. Governor Tiff Macklem said the move could reduce inflation risks from higher energy prices.
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