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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening Answers to the following questions: Why did Bank of Canada raise

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Answers to the following questions:

Why did Bank of Canada raise the overnight interest rate? How Canadian economy will be affected by an increase in the interest rate? Explain briefly by applying what you learned aboutMonetary Transmission Mechanism.

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