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Bank of Canada raises its key interest rate by 1 per cent

The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank since August, 1998.

Sri Lanka deploys troops after violence

Sri Lankan authorities deployed armoured vehicles and troops in the streets of the capital on Wednesday, two days after pro-government mobs attacked peaceful protesters, triggering a wave of violence across the country.

Real estate: Why is housing so expensive in Canada?

Housing prices in Canada are still incredibly high and here is why – we are still dealing with a supply shortage in desirable locations, higher immigration levels have put pressure on demand, along with the strong desire for urban lifestyle living, especially in Toronto, Vancouver and Montreal.

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