Bank of Canada raises interest rates for the first time in three years
The central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation.
Story file
- Desk: Economy
- Filed: Wed, 28 Oct 2026 17:17:28 GMT
- Status: Developing — the desk is updating this file
Why it matters
This development is tracked by the tosdos desk alongside related stories below; the full analysis is added as the story matures.
On the same desk
- What is the controversy between Real Madrid’s Kylian Mbappe and China?
- Govt considering creation of regulatory authority for construction industry
- Bank of Russia raises dollar exchange rate to 80.87 rubles for October 29
- Fed meeting live updates: No hike expected, but investors watching Warsh for what's next
- Stock market today: Nasdaq wavers, S&P 500 and Dow climb ahead of Fed decision, Big Tech earnings