A headline reads: "Bank of Canada raises the overnight rate by half a point." This indicates that:

Name: A headline reads: "Bank of Canada raises the overnight rate by half a point." This indicates that:
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Question

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The Bank of Canada raising the overnight rate by half a point indicates that there has been a tightening of monetary policy. This means that the central bank is taking measures to reduce the supply of money in the economy, which can help curb inflation but can also slow down economic growth.

A Headline Reads: "Bank of Canada Raises the Overnight Rate