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Bank of Canada to announce interest rate decision today, expected to hike to 4.5 per cent

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The Bank of Canada is set to announce its latest interest rate decision this morning as markets widely expect the central bank to hike its key interest rate by a quarter of a percentage point. That would bring its key interest rate to 4.5 per cent, the highest it's been since 2007.

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House prices down 20% from March 2022. Int rates up 1,700%. Good luck kids. I bought my first house in 1981. On the beach. Pais $15,000 for the house. Mort was 22% You will survive

A 1/2 point now and another in the summer should set a strong foundation for the future. May hurt people who have overpaid for homes, but will be good for the rest of us. People looking to retire soon, seniors and people under 30. Bad time for 30-40 year Olds.

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