Bank of Canada hikes interest rate to 2.50% at October 28 policy decision

The Bank of Canada raised its key interest rate by 25bp to 2.50% at its October 28 policy decision, in line with expectations. The Bank lifted its 2026 growth forecast to 1.0% from 0.7% and sees inflation averaging 2.9% in 2026.

Detected & updated continuously · Source: Nebula