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Bank of Canada Elevates Interest Rate
The Bank of Canada Tuesday became the first Group of Seven monetary authority to raise interest rates since the credit crisis, but said any further increases would have to be weighed carefully against domestic and global economic developments.
The increase follows “robust” economic growth in Canada in the first quarter of 6.1 percent, led by housing [...]
Filed under Finance, News · Tagged with Bank of Canada, Canadian dollar, global economic recovery, Group of Seven monetary authority, Monetary Policy Report, overnight market, U.S. dollar
