Image Credit: Canadian Press
Economy
Interest rates hiked again
Jan 25, 2023 | 8:04 AM
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The Bank of Canada has confirmed it will once again raise its key interest rate in an effort to combat inflation.
The rate hike of a quarter of a percentage point will bring the key interest rate to 4.5 per cent.
The central bank also said this could be the last rate hike of the cycle, if economic development remains in line with its projections.
