On October 28, the The Bank of Canada raised its overnight lending rate from 2.25% to 2.50%, its first rate increase since July 2023. The decision comes as the Iran conflict keeps oil prices elevated. The Bank said it expects inflation to reach 3.5% by year end, after a September reading of 3.1%. On the...Read More

In its final meeting of 2025, the Bank of Canada cut its key interest rate by 0.50%, the 5th consecutive reduction this year since the cycle of interest rate easing began in June.  This also marks the 2nd “jumbo” cut of 0.50% in a row and brings the total cuts so far to 1.75%. Most economists had expected this cut after Statistics...Read More