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Bank of Canada delivers quarter-point rate hike, marking eighth increase in a row

Summary by The Globe & Mail
The Bank of Canada increased its benchmark interest rate by a quarter of a percentage point, but said that it expects to hold off further rate hikes, making it the first major central bank to say it would pause monetary policy tightening.

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CP24 broke the news in Toronto, Canada on Wednesday, January 25, 2023.
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