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via finance.yahoo.comEconomy

Bank of Canada raises rates to 2.50%; CIBC expects a January hike

FROM THE WIRE · FINANCE.YAHOO.COM

The Bank of Canada raised its overnight rate by 25 basis points to 2.50% on Wednesday, in line with PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA Bank of Canada policy rate move influences the currency, bonds and bank stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of Canada raised its overnight rate by 25 basis points to 2.50% on Wednesday.
  2. 02CIBC says a January hike is expected after a December pause.
  3. 03The decision was announced on Wednesday.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Canadian Imperial Bank of CommerceCM.TOStock164.19 CAD+0.12%today +0.33%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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