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“The Bank of Canada raised its benchmark interest rate for the first time in more than three years on Wednesday as it tries to get ahead of looming price hikes.”

“The Bank of Canada (BoC) has raised its key interest rate for the first time in more than three years and warned that further increases might be needed to prevent soaring energy costs from fueling broader inflation.”

“Bank of Canada expected to hike interest rate 25 points as inflation ticks upward The Latest - The Bank of Canada will announce its latest interest rate decision today, with most economists predicting a quarter-percentage-point hike. - The increase would…”

“New Zealand's central bank surprised investors by leaving interest rates on hold, contrary to expectations for a hike, while the Bank of Canada raised rates for the first time in three years.”

“Other advanced economies have also been grappling with high inflation, and on Wednesday (October 28, 2026) Canada’s central bank raised its key rate to 2.5%, its first hike since July 2023.”

“The Federal Reserve is expected to stand pat on interest rates on Wednesday (October 28, 2026) even though inflation has accelerated in the past couple of months as the Iran war has caused spikes in oil and gas prices.”

“JPMorgan analyst Greg Fuzesi observed: “The decision was expected by financial markets with the expectation that an interest rate hike will follow in December.””

“Bank of Canada Governor Tiff Macklem speaks during a news conference on Wednesday in Ottawa, where the central bank's governing council decided to hike interest rates by a quarter per cent.”

“The Wrap What else we’re following At home: The Bank of Canada is widely expected to raise its benchmark interest rate for the first time in three years in a bid to prevent high oil prices from becoming a broader and more entrenched inflation problem.”

“The Bank of Canada has held its key interest rate unchanged for about a year, but some economists expect rates to begin increasing again as early as next week — which would be the first hike in more than three years.”

“Canadian housing market 'on its knees' as odds of Bank of Canada rate hike rise A rate hike in October would have significant impacts on Canada's battered real estate market, experts say The Bank of Canada has not raised interest rates since July 2023.”

“This was hardly surprising given the latest jump in fixed mortgage rates, and with the Bank of Canada now widely expected to follow with a rate hike before the end of the year,” said Shaun Cathcart, CREA’s Senior Economist.”