The Bank of Canada raised its overnight lending rate by 25 basis points to 5% on Wednesday in Ottawa. The move, which was expected by a majority of economists in a Bloomberg survey, brings benchmark borrowing costs to their highest in 22 years. Here are the key takeaways:
— Read on www.bloomberg.com/news/articles/2023-07-12/bank-of-canada-raises-key-interest-rate-to-5-key-takeaways
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