Bank of Canada raises interest rate again — but the pace of hikes may be slowing
Central bank has increased its rate 6 times this year to try to rein in inflation.
CBC News · Posted: Oct 26, 2022 10:02 AM ET | Last Updated: October 26
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The Bank of Canada, whose headquarters are shown here, has raised its benchmark interest rate six times this year in an attempt to drag down decades-high inflation. (Sean Kilpatrick/The Canadian Press)