Bank of Canada raises interest rate to 2.5%, first hike since 2023
· moneysense.ca
The Bank of Canada raised its key interest rate by 0.25 percentage points to 2.5% on Wednesday, Oct. 28, 2026.
The rate had held at 2.25% since the BoC’s October 2025 cut.
“Today’s rate hike speaks to the tightrope the BoC has been walking this year. It’s both a...