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Bank of Canada raises interest rate for first time in 7 years from 0.50% to 0.75%

Bank of Canada raises interest rate for first time in 7 years from 0.50% to 0.75%

Bank of Canada Anticipates a Growth in Economy by 2.8% in 2017 In anticipation of a robust economic growth in 2017, the Bank of Canada, the central bank of the country, has announced a raise of 0.75% on its key interest rate. This rise in the cost of borrowing is the...