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Bank of Canada raises key interest rate

USDCAD News by Newsroom on 10:13 July 11, 2018 EST


The Bank of Canada is raising its overnight rate target by a quarter of a percentage point to 1.5 per cent. This is the first rise in six months.

The central bank’s rate decision arrives as Canada faces significant trade-related uncertainties, including stalled NAFTA talks, U.S. steel and aluminum tariffs and the threat of more duties on the automotive sector.




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