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Another Punch at Inflation Expected

Sizeable interest rate hike anticipated from Bank of Canada

Another tough announcement from the Bank of Canada expected today.

Markets will be watching for what economists expect to be an interest rate hike of a half or three-quarters of a percentage point, as the bank tries to clamp down on decades-high inflation.

Today's rate hike would be the sixth in a row, making it the fastest monetary policy tightening in its history. 

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