Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023
The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 2.5% on Wednesday. It's the first increase since July of 2023. Governor Tiff Macklem says this move could reduce inflation risks posed by higher energy prices. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.