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Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023

Bloomberg ·

The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 2.5% on Wednesday. It's the first increase since July of 2023. Governor Tiff Macklem says this move could reduce inflation risks posed by higher energy prices. (Source: Bloomberg)

Read the full story at Bloomberg

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