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Canadian Mortgages

Bank of Canada to raise rates to 2.50% on October 28

Bank of Canada to raise rates to 2.50% on October 28

Economists project the Bank of Canada will lift its overnight rate to 2.50% on October 28, marking a pivotal shift in domestic monetary policy.

Business ·23 Oct 2026, 22:40 ·Maeve Turner 4 min read