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Raised Rates By The Bank Of Canada: How Will It Affect Ordinary People?

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The Bank of Canada hiked its key policy rate to 4.25 percent. This is the highest rate since 2008. The interest rates are quickly increasing, and so do the rates of inflation.  What will happen to Canadians and their personal finances this year? Will they need to take out payday loans in Newfoundland and other…

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