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Bank of Canada raises interest rates for first time in 7 years

Bank of Canada hikes key interest rate to 0.75% and next increase could be in October

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Disruptive interst rate marketplace empowers the consumer

Consumers get the most competitive interest rates by asking financial providers to bid for their business

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What will be the affect of Interest Rate hikes in US on Canada

Last December, the United States raised interest rates by a quarter point- from 0.50% to 0.75%. Also for the first time since the year 2007, Canada has a lesser central bank rate than the United States. The Bank of Canada also announced that they were sticking to their monetary policy by holding its key rate at 0.5 percent.