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via moneysense.caEconomy

Bank of Canada raises interest rate to 2.5%, first hike since 2023

FROM THE WIRE · MONEYSENSE.CA

The Bank of Canada raised its key interest rate by 0.25 percentage points to 2.5% on Wednesday, Oct. 28, 2026.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA policy rate change by a central bank can move prices across currencies, bonds and equity indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of Canada raised its key rate by 0.25 percentage points.
  2. 02The new key interest rate is 2.5%.
  3. 03The decision was announced on Wednesday, October 28, 2026.
  4. 04It is the first hike since 2023.

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