The Bank of Canada has raised its key interest rate to 3.25 percent.
The Bank of Canada has raised its key interest rate by three quarters of a percent.
The rate now sits at 3.25 percent.
The central bank says global inflation remains high, meaning rates will likely continue to rise for the time being.
Canada's year over year inflation rate was 7.6 percent in July, which is well above the bank's two percent target.
Today's announcement matches what was being predicted by many economists.
Moyer Farms Making $12M Investment
New state-of-the-art facility being built in Lincoln.
Niagara Falls Going Green for St. Patrick's Day
A beloved annual celebration throughout much of the world.
St. Catharines RIDE Campaign
One driver was nabbed for impaired operation of a motor vehicle.
Davies Challenges Gov't on EV Support
Niagara South MP told parliament of problems at 2 Niagara EV plants
Welland's Plan for Hospital Contribution
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New GO Station Coming to Niagara
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Most Serious Collisions in Summer: Region
The region is working on road safety with less money due to no speed cameras
Coach Service Added to Airport
The Niagara airport working with Air Canada and Landline Company for service to Toronto