Bank of Canada hikes interest rate in attempt to curb inflation

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3 years ago
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inflation canada inflation bank of canada canada interest rate interest rate hike bank of canada interest cost of interest rate hike impact canada lending rate canada mortgage rates canada central bank The National

The Bank of Canada is raising interest rates for the first time since 2018 to try to curb inflation, but the rate hike could add to the financial strain of people already struggling.

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The National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa.

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