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Bank of Canada boosts interest rate to 0.50%

Mar. 02, 2022 10:13 AM ETInvesco CurrencyShares® Canadian Dollar Trust ETF (FXC), EWCBy: Liz Kiesche, SA News Editor

Canada symbol on a flagpole

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  • Canada's central bank hikes its overnight rate by a quarter percentage point to 0.50% and keeps its holdings of Canadian government bonds roughly constant.
  • The Russian invasion of Ukraine adds a "major new source of uncertainty" and

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