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Bank of Canada raises rates, says it is likely to pause for now

Bank of Canada raises rates, says it is likely to pause for now

TORONTO — The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 25 basis points to 4.5%, its highest level in 15 years, and said it would likely pause to measure the cumulative effect of previous increases. STORY: MARKET REACTION: CAD/ LINK:httpshttpsCOMMENTS STEPHEN BROWN, SENIOR CANADA ECONOMIST, CAPITAL ECONOMICS “The Bank […]

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