Bank of Canada Raises Policy Rate, Leaves Door Open to Another Hike
The Bank of Canada raised its policy rate and did not rule out another increase.
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02:13:53 PM UTC
SquawkNews
The Bank of Canada lifted its main policy interest rate to 2.5% as widely anticipated, the first increase since July 2023 and the end of an easing cycle that began in June 2024. Fitch Ratings' Joshua Grundleger says the central bank could no longer look through elevated headline inflation, despite…
02:21:25 PM UTC
SquawkNews
10:21 AM EDT, 10/28/2026 (MT Newswires) -- The Bank of Canada raised its policy rate by 25 basis poi