Bank Of Canada Hikes Key Interest Rate As Economy Stays Strong | HuffPost Canada

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OTTAWA — The Bank of Canada hiked its trend-setting interest rate Wednesday as the resilient economy hums along and a big source of trade uncertainty is finally out of the way.The central bank delivered a quarter-point rate increase for the fifth time since the summer of 2017 — and first time since July — to bring the benchmark to 1.75 per cent. The rate is now higher than it’s been in about a decade.

Source: Bank Of Canada Hikes Key Interest Rate As Economy Stays Strong | HuffPost Canada