OTTAWA – The Bank of Canada raised its benchmark interest rate by 25 basis points to 2.5 per cent on Wednesday, October 28, marking its first rate increase since July 2023, as persistent inflation and rising energy prices prompted renewed concerns about the country’s economic outlook. Governor Tiff Macklem said the decision was necessary to […] The post Bank of Canada raises key interest rate to 2.5% amid renewed inflation pressures first appeared on Horizon Weekly .