In the news today, Oct. 24
Seven stories in the news for Wednesday, Oct. 24
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BANK OF CANADA EXPECTED TO HIKE INTEREST RATE
With some trade uncertainty now out of the way, the Bank of Canada is widely expected to hike its benchmark interest rate today for the fifth time since the summer of 2017. This morning’s policy decision will be the central bank’s first since Canada agreed with the United States and Mexico earlier this month on an updated North American free trade deal. A hike would be Governor Stephen Poloz’s first increase since July, when the rate rose 25 basis points to 1.5 per cent.


