EconomyBank of Canada raises rate to 2.5%, first hike since 2023

Name: Bank of Canada raises rate to 2.5%, first hike since 2023
Uploaded: 2026-10-28T15:06:57.000Z
Description: The Bank of Canada lifted its benchmark overnight rate by 25 basis points to 2.5% on Wednesday, its first increase since July 2023. Governor Tiff Macklem said the move could curb inflation risks from higher energy prices.

The Bank of Canada lifted its benchmark overnight rate by 25 basis points to 2.5% on Wednesday, its first increase since July 2023. Governor Tiff Macklem said the move could curb inflation risks from higher energy prices.

Bloomberg Television 2026-10-28 15:06