Tag: October 2026 Rate Decision

• Bank of Canada Raises Interest Rate to 2.5% as Governor Warns Inflation Could Spread Across Canada

  

  Canada’s central bank has raised interest rates for the first time in a year, bringing its benchmark rate to 2.5% as concerns grow over persistent inflation and rising energy prices. The Bank of Canada announced a 0.25 percentage-point increase to its policy interest rate on October 28, 2026, raising it from 2.25% to 2.5%. Governor…

  Kaleylangille

  October 28, 2026

  alberta, british columbia, East Coast, ontario

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