Bank of Canada hikes rate by biggest amount in 20 years in push to tame red hot inflation - CBC News

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday, a sign the bank is making good on its pledge to battle runaway inflation.

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation. The bank's rate impacts Canadian businesses… [+1049 chars]

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