International Economic

Bank of Canada lifts interest rates to 2.5%, as expected

By Michele Maatouk

Date: Wednesday 28 Oct 2026

(Sharecast News) - The Bank of Canada lifted interest rates on Wednesday by 25 basis points to 2.5%, as widely expected.
This marked the first hike in three years.

Governor Tiff Macklem said: "With the outlook for inflation substantially higher and the economy showing resilience, an increase in the policy...

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