Key interest rate now sits at 4.5 percent
The Bank of Canada has announced another interest rate hike.
The central bank is raising its key interest rate by a quarter of a percentage point.
This brings it to four and a half percent, the highest it's been since 2007.
This is the eighth increase since March, as the central bank continues to fight back against inflation.
Bank officials say if economic developments remain in line with projections, this will likely be the last rate hike for awhile.
In its quarterly monetary policy report, the Bank of Canada predicts economic growth will stall during the first half of this year, and inflation will ease to about three percent by the middle of the year.

Multiple Charges Laid after Thefts in Tillsonburg
CASS Offering Unique Program to Students
PJHL Preview - Jan. 30th to Feb. 1st
Woodstock Bowler Heading to Special Olympics
Dog Bite Investigation in Tillsonburg
Interview with the Warden - January 29th, 2026
Trevor Birtch Trial Daily Recap - Case 2
11 People Charged in Massive Drug Bust
Another Cold Warning for Oxford County
Chilly Charlie Returns on Monday
Khanna Shines a Light on Oxford County Superstars
WFD Responds to Structure Fire
WPS Appoints New Deputy Chief
TMMC Woodstock Begins Production of Sixth Gen RAV4
Oxford OPP Briefs - January 28th, 2026
More Weather Alerts for Oxford County
Thrive Oxford Honoured at ROMA
Tip Tuesday with the Oxford OPP - January 2026
Members Needed for Tillsonburg Housing Advisory Committee
UPDATE: Ottawa Approves Plan to Move Marineland's Whales and Dolphins
Comments
Add a comment