Canada's interest rates double after 'aggressive' 0.5pc hike, ASX rises as Wall Street rebounds - ABC News


4/13/2022 12:00:00 AM3 yearsago
by David Chau

Australian shares rise ahead of the Easter long weekend, after US markets rebounded and oil prices surged on renewed supply worries, while Canada is the latest country to hike interest rates in an attempt to "forcefully" reduce inflation.

Australian shares have risen moderately ahead of the Easter long weekend, as Wall Street rebounded and the Bank of Canada doubled its benchmark interest rate in an effort to contain high inflation. … [+5290 chars]

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