Bank of Canada hikes interest rate to 0.5%

WNews
WNews 1 Min Read

Business·Breaking

The Bank of Canada has raised its benchmark interest rate to 0.5 per cent.

Social SharingMore small rate hikes expected as central bank tries to rein in inflationPete Evans · CBC News · Posted: Mar 02, 2022 10:04 AM ET | Last Updated: 10 minutes agoThe Bank of Canada slashed its benchmark interest rate when the pandemic began, but on Wednesday signalled that it will start to slowly raise it again to help rein in inflation. (David Kawai/Bloomberg)

The Bank of Canada has raised its benchmark interest rate to 0.5 per cent.

- Advertisement -

It’s the first

Share This Article
Leave a comment
Report a Bug/Suggest Feature

Notice a bug on the site or want to suggest a feature. Please fill out the information below and one of our IT will look at the bug/feature report. If we have any questions or want more information, we will reach out vis email.

Reading: Bank of Canada hikes interest rate to 0.5%

(C) 2012 – 2024  | WNews Broadcasting Corp, a W-World Company | All Rights Reserved

Connect
with Us

Report a Error with this Story

Notice a error or facts with this story, please submit the information below and someone from our newsroom will review it and change if required 

Beta

Welcome to The New W.News

It is with great pleasure that we welcome you to W.News 6, the most extensive update ever. Please bear with us as we continue to work on and fine tune the new site. WNewsNetwork.com will remain online until June 30, 2024.