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.
Temporary Patio Program Turned Down
This was for Queen Street in Niagara on the Lake for the summer
Port Colborne Trying to Reduce Water Rates
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Province Supporting Niagara Festivals
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2nd Suspect Arrested in Vape Store Theft
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Man Charged with Sexual Assault
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150th Birthday Celebrated at Montebello Park
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