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Global News Morning BC

How the Bank of Canada’s latest interest rate hike could impact you

Posted June 8, 2023 8:45 am EST

Updated June 8, 2023 12:48 pm EST

The Bank of Canada has raised its benchmark interest rate by 25 basis points to 4.75%. Bryan Yu, Chief Economist at Central 1 Credit Union, discusses how the rate hike will impact the average British Columbian.

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