Bank of Canada’s shock rate hike hits 22-year high

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The Bank of Canada has unexpectedly hiked the interest rate to a 22-year high of 4.75 per cent, according to CommSecs Tom Piotrowski. This wasnt necessarily on the radar weve seen a couple of meetings where they have paused, Mr Piotrowski told Sky News Australia. But in their commentary, they recognised that theyve got more wood to chop in terms of getting inflation under control. Presented by CommSec. Read More Our Apps