The Federal Reserve raising its key interest rate by three-quarters of a percentage point -- its largest hike since 1994 -- increases the odds of the Bank of Canada following suit next month, economists say. The U.S. bank authority announced the Wednesday move will shift the country's benchmark rate to a range between 1.5 per cent and 1.75 per cent as it tries to tame soaring inflation. While the Bank of Canada recently upped its interest rate by a half point two times in recent months, taking it to 1.5 per cent in June, governor Tiff Macklem has hinted he is prepared to act "more forcefully." Josh Nye, a senior ... (full story)