Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021

Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.

Bank of Canada hikes policy interest rate to 1.5 pct, warns of more moves

The Bank of Canada took another step in its hiking cycle, raising its policy interest rate by 50 basis points for a second straight time.

Bank of Canada likely to raise interest rates to battle rising inflation

Ottawa: Experts believe that Bank of Canada might announce another interest rate hike as it is trying to rein in runaway inflation.