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Bank of Canada Raises Key Interest Rate to 1.50%

July 11, 2018 7:43 PM
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Central bank to take gradual approach to future rate rises amid mounting trade tensions

OTTAWA—The Bank of Canada said a strong labor market and on-target inflation supported its decision to raise the benchmark interest rate on Wednesday, despite concerns over mounting trade tensions.

Also read: Quarles Says Fed Should Consider Publishing Average Financing Rate Alongside Libor Replacement

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