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Global National: Dec. 7, 2022 | Bank of Canada hikes key interest rate to 4.25%

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On this episode of Global National: The Bank of Canada has raised its benchmark interest rate by 50 basis points to 4.25 per cent, capping a year when it was hiked seven times by a combined 400 basis points. Anne Gaviola explains how this hike will affect the bottom line of homeowners, why the central bank may cool it with the increases for a while, and how inflation has everyone — from businesses to consumers — trying to cut back.

German police have carried out their largest anti-terror operation, raiding Reichsbürger, a far-right group suspected of plotting to overthrow the government in an armed coup. Crystal Goomansingh reports on what the group stands for and some of the people who were arrested.

Ukrainian President Volodymyr Zelenskyy and "the spirit of Ukraine" have been named Time magazine's person of the year. As Eric Sorensen reports, the fearlessness of the war-torn nation's president and people, and how his nation has defied Russian President Vladimir Putin, has been why he received the title.

Plus, we look at Canada's new coin honouring the late Queen Elizabeth II. We'll tell you makes it unique and when you could end up with one in your wallet.

And bovine intervention: See the cows that mooooved in on a fugitive.

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