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Articles on Interest rates

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Fed chair Jerome Powell opted for a cautious approach on rates. Alex Wong/Getty Images

Federal Reserve bows to bank-crisis fears with quarter-point rate hike, letting up a little in its fight against inflation

The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
The U.S. Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on March 10, 2023, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. (AP Photo/Jeff Chiu)

Silicon Valley Bank’s failure: Could something similar happen in Canada?

Large Canadian banks are likely not at risk of bank failures, but history suggests smaller, more niche financial service firms could be.

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