Canadian dollar jumps above 82 cents US as central bank raises interest rates again

The Bank of Canada raised its benchmark interest rate by a quarter of a point to one per cent on Wednesday. It's the second time this year that the central bank has upped the rate, after hiking it for the first time in seven years in July. The central bank's rate has an impact on lending rates that consumers and savers get from banks on mortgages, lines of credits, savings accounts and other financial vehicles.
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