BoC Raises Interest Rate to 2.5%
Posted on Oct 28, 2026
The Bank of Canada has raised its key policy interest rate by 0.25 percentage points to 2.5%, citing stronger-than-expected economic growth and concerns about rising inflation.
The Bank expects inflation to reach 3.5% by the end of the year, driven partly by higher oil prices and the increasing cost of tariffs on imported goods. Although economic gr...
