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Bank of Canada rate hike: Here's what economists are expecting


Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected.


The latest data released by Statistics Canada on Wednesday shows the consumer price index (CPI) up 6.9 per cent year-over-year in September. Economists tracked by Bloomberg were expecting a 6.7 per cent increase.


Amid stickier-than-expected inflation figures, here is how economists are now predicting the central bank will respond.


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