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Economists concerned about Bank of Canada’s expected interest rate hike, but suspect it will be the last

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Economists concerned about Bank of Canada’s expected interest rate hike, but suspect it will be the last

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SBN Editor

Published on January 25, 2023

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The Bank of Canada is expected to announce yet another interest hike on Wednesday, and economists are hoping that it will be the last one for a while, with some warning it could be a step closer to recession as Canada tries to balance the need to fight inflation with the growing pressure on the housing market.

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