Bank of Canada raises benchmark interest rate to 2.50% to curb inflation
The Bank of Canada ended a prolonged “wait-and-see” approach on Wednesday, October 28, 2026, raising its benchmark interest rate by 25 basis points to 2.50%. This move, the first increase in over three years, aims to curb inflation driven by Middle East conflict and rising energy costs, though it injects fresh volatility into a housing … Read more