Bank of Canada Raises Policy Rate by 25 Basis Points

The Bank of Canada raised its overnight rate by 25 basis points to 2.5% on Wednesday, compared with the 2.25% rate maintained in September. The decision matched market expectations The decision comes as policymakers weigh the risk of rising inflation

The Bank of Canada raised its overnight rate by 25 basis points to 2.5% on Wednesday, compared with the 2.25% rate maintained in September.

The decision matched market expectations

The decision comes as policymakers weigh the risk of rising inflation

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