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Bank of Canada Hikes Key Interest Rate, But It Could Be the Last

Theu00a0Bank of Canadau00a0raised its benchmark interest rate by 25 basis points to 4.5%, the highest level since 2007. This represents the eighth consecutive rate hike. In 2022, the Bank of Canada raised its key lending rate from 0.25% in March to 4.25% by December.<br>

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Bank of Canada Hikes Key Interest Rate, But It Could Be the Last

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  1. Learn to Trade’sStock Trading Courses Email:info@learn-to-trade.com Phone:[416] 510.5560

  2. Bank of CanadaHikes Key Interest Rate The Bank of Canada raised its benchmark interest rate by 25 basis points to 4.5%, the highest level since 2007. This represents the eighth consecutive rate hike. In 2022, the Bank of Canada raised its key lending rate from 0.25% in March to 4.25% by December.

  3. When will the Bankof CanadaCut Interest Rates? The latest rate hike means the cost of Borrowing is going up again which will impact variable rate mortgages, a line of credit, or other loans with variable interest rates. That’s because the prime rate that banks charge is influenced by the Bank of Canada’s overnight lending rate. When the central bank raises the rate, it becomes more expensive for banks to borrow money. Instead of eating that increase, banks raise their prime rate with individuals and businesses covering the costs.

  4. Learn-to-Trade’s Stock TradingWorkshops Free Two-HourTrading Workshop Three-Day Trading Course Program Refer: https://learn-to-trade.com/free-two-hour-trading-workshop/ https://learn-to-trade.com/three-day-trading-course-program/

  5. AboutLearn-to-Trade Learn-to-Trade was established in 1999 locally by traders to educate, support, and mentor individuals who are looking to take control of their financial investment decisions. We have approximately 3,000 members and our instructors are also educators for the Toronto and Montreal Stock Exchange!

  6. Contact Learn-to-Trade Address:885 Don Mills Road, Suite 200 Toronto, Ontario M3C 1V9 Canada Phone:[416] 510.5560 Email:info@learn-to-trade.com Website:https://learn-to-trade.com/

  7. Thank You!!!!!

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