Rate raised a quarter of a percentage point to 5 per cent
Interest rates are going up again.
The Bank of Canada confirmed this morning it’s raising its key overnight interest rate by a quarter percentage point to 5 per cent., citing a stronger than expected economy, and more persistent inflation than previously forecast.
Most analysts expected the hike.
The Bank also now expects inflation won’t come down to its target of two per cent until the middle of 2025.
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
City council voting for multi-year plan to pay for its $17.8-million portion of South Niagara hospital
New GO Station Coming to Niagara
Metrolinx is working with the region to build one in Grimsby, there will be public consultation on this
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