Politics Briefing: Ontario warns of ‘serious harm’ to retirees if Alberta leaves the Canada Pension Plan
Bank of Canada holds key interest rate steady at 5 per cent but signals a hike later if high inflation persists
Bank of Canada holds key interest rate steady at 5 per cent but signals a hike later if high inflation persists
OTTAWA — The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.