The Bank of Canada raised its overnight rate target by 25 basis points to 2.5% on October 28, citing more persistent inflation and the risk of energy prices feeding through to other goods and services. The higher policy benchmark matters to businesses and boards reviewing borrowing costs, budgets and financing risk.
The Bank of Canada raised its overnight rate target by 25 basis points to 2.5% on October 28, citing more persistent inflation and the risk of energy prices feeding through to other goods and services. The higher policy benchmark matters to businesses and boards reviewing borrowing costs, budgets and financing risk.
Original source: Bank of Canada, October 28, 2026.
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Original source Bank of Canada, 2026-10-28 ↗
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