👉The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation. The bank's rate impacts Canadian businesses and consumers by influencing the rate they pay and receive on things like mortgages, GICs and savings accounts.✅ . Follow on the Malayalis Near Me social media app! 🌐 . . #bankofcanada #interestrates #hikeininterestrate #hike #dailynews #dailynewscanada #malayalisnearmeapp #bankrate #mortgage #canadianmalayalis #mnm