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The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5%





stephen poloz


The Canadian dollar climbed Wednesday after the country’s central bank raised its key rate by 25 basis points to 1.5%, marking the fourth hike since last summer.

The loonie climbed 0.3% versus the dollar following the announcement.

“Canada’s economy continues to operate close to its capacity and the composition of growth is shifting,” the central bank said in a statement.

The policy meeting comes days after a strong jobs read more >>>

Source:: BusinessInsider.Com

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