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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Finish Mixed After Bank of Canada's Surprise Rate Hike

exterior of Bank of Canada building in Calgaray, Alberta

Stocks started Wednesday higher but retreated as the session wore on as a surprise rate hike from the Bank of Canada lifted expectations the Federal Reserve will hike interest rates at its upcoming meeting. 

Not helping matters was a spike in Treasury yields, which had an outsized effect on tech stocks. 

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