10/28/2026
With its first change to its benchmark in a year and the first increase in three years, the Bank of Canada announced that it will raise its KEY INTEREST RATE. The rate is increased by 25 basis points, bringing it to 2.50% with the Bank Rate at 2.75% and the deposit rate at 2.45%.
The next scheduled rate announcement is set for December 9th, 2026 🗓️
Stay tuned for more updates!