Bank of Canada hikes key interest rate by 50 basis points to 1.5 per cent

The Bank of Canada has hiked its key overnight interest rate by 50 basis points to 1.5 per cent and will also continue quantitative tightening. The rate hike comes as the Bank believes that inflation will likely move higher in the near term before beginning to ease.
Source: ctv business
Bank of Canada hikes key interest rate by 50 basis points to 1.5 per cent