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Economy · Ottawa, Canada ·

Bank of Canada raises rate to 2.5%

Reported by 1 outlet · under-reported · first reported Oct 27, 8:00 PM ET

Canada's central bank raised its rate by 0.25 points, first rise since 2023, citing inflation tied to oil prices.

Why it matters

Loans cost more for Canadians.

Background

Oil prices rose with the Iran war.

The story so far

  1. Bank of Canada raises rate to 2.50%
  2. Bank of Canada raises rate to 2.5%

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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