Bank of Canada interest rate hike: what you need to know

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The Bank of Canada surprised the markets this week by raising its key rate by 50 basis points instead of the expected 75. FP Video breaks down the decision, talks to an expert about what it means and looks at what’s next for the economy.

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Stephanie Hughes, financial journalist at the Financial Post, explains the decision of the Bank of Canada.

A small rise shows that the Bank of Canada is almost done

We talk to Scotiabank Chief Economist Jean-Francois Perrault about how the smaller rise suggests the Bank of Canada is nearing the end of its rate hike cycle.