The Bank of Canada delivered a fourth consecutive outsized interest-rate hike in a bid to slow the nation’s economy and drag inflation down from four-decade highs. Policy makers led by Governor Tiff Macklem raised the benchmark overnight rate by 75 basis points to 3.25 per cent on Wednesday, giving Canada’s central bank the highest policy rate among major advanced economies. Officials said they expect to continue raising rates in coming months. “Given the outlook for inflation, governing council still judges that the policy interest rate will need to rise further,” officials said in the statement. The debate now ... (full story)