The Bank of Canada raises the interest rate to 3.75%.

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The Bank of Canada raises the interest rate to 3.75%.

The benchmark interest rate in Canada was increased by the central bank to 3.75 percent as part of continuous efforts to reduce inflation. Tiff Macklem, governor of the Bank of Canada, cited indications of an economic downturn that might contain inflation but perhaps trigger a recession.

#Canada #Bank #Interestrate

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