CTV News August 6, 2023: The announcement comes after the Bank of Canada raises

interest rates at its last two meetings, bringing a previous pause on rate hikes

to an end In a news release today, the central bank says its governing council

is still concerned about inflationary pressures and is ready to raise interest

rates further if needed. Canada's inflation rate was 3.3 per cent in July,

ticking up from the previous month, and is expected to remain

around three per cent for the rest of the year.


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