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Abstract:Canada's central bank raises interest rate by 50 basis points to 3.75 per cent on October 26 in an attempt to tame inflation.
WikiFX is going to hold a two-day “Wiki Finance EXPO Asia 2022”at Asia World-Expo on December 16-17, 2022, from 9am to 6 pm. As the world's largest financial expo for enterprises and end users, WikiExpo is going to be held in Asia for the 7th time. The expo will be attended by more than 1,500 exhibitors and hundreds of world-renowned analysts and KOLs.
Canada's central bank continued its campaign to wrestle high inflation into submission on October 26, raising its benchmark interest rate by 50 basis points to 3.75 per cent. The bank has raised its benchmark rate six times since March, as it scrambles to rein in inflation, which has run up to its highest level in decades.
Up to now, the central bank of Canada is nearing the end of its fastest rate-hiking cycle ever, but the Canadian dollar did not strengthen as the Bank of Canada tightened. How long will the Bank of Canada have to follow the Fed's lead? What kind of forex investment opportunities will emerge at the end of a historic tightening cycle? How to seize the opportunity to invest in Canadian dollars and Canadian assets in the future? Wiki Finance EXPO Asia 2022 is here for your interpretation.
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