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File photo of the Bank of Canada building in Ottawa in 2009
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Bank of Canada raises the policy rate by 25 basis points to 2½%

The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

Source: Bank of Canada. Feed excerpt may be shortened. SynthSignal’s added context is separate and is not endorsed by the Bank.

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