Bank of Canada raises policy rate to 2.5% amid oil price surge

BNN Bloomberg • 28 Հոկ 13:54

The Bank of Canada increased its key interest rate to 2.5% and signaled possible further hikes to curb inflation driven by rising energy costs.

Global News • 28 Հոկ 12:28

The Bank of Canada increased its policy rate by 0.25 percentage point to 2.5%, its first hike since July 2023, and will publish revised inflation and growth forecasts.

The Globe and Mail • 28 Հոկ 11:00

Analysts anticipate the Bank of Canada will lift its policy rate for the first time in three years amid rising oil prices, while the U.S. Federal Reserve is projected to keep rates unchanged today.

The Globe and Mail • 27 Հոկ 22:25

A likely quarter-point increase in the Bank of Canada’s policy rate will raise payments on variable mortgages, lines of credit and auto loans, while potentially boosting interest on savings accounts, bonds and GICs.

Financial Post • 27 Հոկ 12:03

Top Canadian economists say a policy-rate increase by the Bank of Canada this week could be a mistake, citing weak growth and limited inflation pressure despite recent comments from Governor Tiff Macklem.

The Globe and Mail • 25 Հոկ 19:20

Analysts expect the Bank of Canada to increase its policy rate for the first time in three years as oil prices remain high, though data on core inflation show mixed signals.