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Policy Rate

During Statements by Members, a Conservative member commented on the Bank of Canada’s decision to raise its policy rate to 2.5%, its first increase in three years. He said the rate hike means families will pay more for mortgages, food, and gas, and pointed to the bank’s report on rising grocery prices. He called on the government to cut fuel taxes, develop natural resources, and reduce its spending. No other members’ statements on the topic were given in this sample.Written by AI from the debate. Updated .

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