The Bank of Canada increased its benchmark interest rate on Oct. 28, 2026, marking the first hike in more than three years.
The decision ends a stretch of over three years during which the central bank had left its key rate unchanged.
The Wrap ·
Bank of Canada Raises Benchmark Rate After Three Years
On Oct. 28, 2026, the Bank of Canada raised its benchmark rate for the first time in over three years, ending a prolonged period of unchanged rates.
