Bank of Canada Governor Tiff Macklem at a press conference, with the Canadian flag in the background, following the October 28, 2026 rate decision. Finance Bank of Canada raises policy rate 25 basis points to 2.5% citing persistent energy-driven inflation Mono Scoops 19h The Bank of Canada increased its overnight rate target by 25 basis points to 2.5% on October 28, its first hike since 2023, warning that further increases could be needed if high oil prices keep inflation elevated. Read Full Story
