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Bank of Canada Keeps Rates at 5%, Highest in 22 Years
Posted
October 25, 2023
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October 25, 2023
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3:15Now PlayingThe Bank of Canada left its benchmark overnight lending rate at 5% on Wednesday the highest level in 22 years. The pause was expected by markets and economists, and marks the fourth time officials sat on the sidelines during this rate cycle, in which borrowing costs have jumped 475 basis points. Amber Kanwar reports on BNN Bloomberg.
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