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Bank Of Canada Raises Interest Rates Amid Lingering Inflation Concerns

Por: RTTNews Business July 12, 2023

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Citing persistent underlying price pressures, the Bank of Canada on Wednesday announced its decision to raise interest rates by another quarter point.The Bank of Canada increased its target for the overnight rate to 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent.While inflation has eased significant since last summer, the Bank of Canada noted the downward momentum has come more from lower energy prices and... + full article



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