Continuing coverage · Business & Data
Bank of Canada raises the policy rate by 25 basis points to 2½%
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28 October 2026, 19:05 UTC
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Bank of Canada raises overnight rate target 25 basis points to 2.5 per cent
The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.