Bank of Canada raises its key interest rate by 1 per cent - CTV News


7/13/2022 12:00:00 AM2 years 9 months ago

The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank since August, 1998.

OTTAWA - The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank sinc… [+2952 chars]

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