# Bank of Canada expected to raise key rate for first time in three years

https://mins.news/en/item/118885

- Reuters, 2026-10-28 10:40 UTC
- Economy
- Original: https://www.reuters.com/world/americas/bank-canada-poised-hike-key-rate-first-time-three-years-2026-10-28/?link_source=ta_bluesky_link&taid=6ae1d10c53aa080001e53925

> The Bank of Canada is widely expected to lift its benchmark rate by 25 basis points to 2.5% on Wednesday. Most economists see the move as a safeguard against a possible wider spread of energy inflation.

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