The Bank of Canada building facade on Wellington Street in Ottawa. Finance Breaking Bank of Canada raises policy rate to 2.50% in first hike since July 2023 Mono Scoops 18h The Bank of Canada raised its target for the overnight rate by 25 basis points to 2.50% on October 28, its first increase since July 2023, citing inflation running around 3% and an economy that has proved more resilient than expected. Read Full Story
