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Bank of Canada hikes interest rate to 1.25 percent

from Ottawa Business Journal

The economy's impressive run prompted the Bank of Canada to raise its trend-setting interest rate for the third time since last summer – but looking ahead it warned of growing uncertainties about NAFTA. The central bank pointed to unexpectedly solid economic numbers as key drivers behind its decision to hike the rate to 1.25 per cent, up from one per cent. The increase followed hikes in July and September. more

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