Bank of Canada Leaves Door Open to a 75-Basis-Point Rate Hike

Financial

(Bloomberg) — Traders placed bets on a 75-basis-point rate hike from the Bank of Canada after Governor Tiff Macklem acknowledged the potential for rapid increases to borrowing costs to curb inflation that’s at a three-decade high.Most Read from BloombergMacklem and his officials delivered the first 50-basis-point increase in interest rates among Group of Seven nations…

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