https://www.live-feeds.com/feed/bank-of-canada-raises-key-interest-rate-says-another-hike-possibleContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-canada-raises-key-interest-rate-says-another-hike-possiblehttps://www.live-feeds.com/feed/bank-of-canada-raises-key-interest-rate-says-another-hike-possible#u172440Tue, 03 Nov 2026 14:15:25 +0000The Bank of Canada increased its key policy rate to 2.5 per cent, delivering its first rate hike in more than three years. Officials warned that further increases could be necessary to prevent soaring energy costs from driving broader inflation. Economists and reports indicate that higher borrowing costs will depress the already bleak housing market while managing oil-price shocks. Meanwhile, the U.S. Federal Reserve left its benchmark interest rate unchanged during the same period.Why it mattersThe central bank last raised its rate in July 2023, keeping policy steady until this shift. This de