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.
Charges Laid in Crash that Killed Woman
The rollover crash happened on Highway 406 in 2025, passenger was ejected, driver charged
City Invests into Flood Relief
St. Catharines city councillors supporting $20-million for Emergency Flood Alleviation program
Police Looking for this Man, After Indecent Act
They say it happened in Fort Erie store
Drugs/Weapons Found in Traffic Stop
No signal and incorrect plates lead to drugs
NRP Want Help After Horses Hurt
It was just over a year ago a number of horses were injured at a boarding farm in Welland
Niagara Families Connected to Doctor
People waiting a long time cleared from waitlist
Teenager Hurt in St. Catharines Stabbing
Police say it is non life threatening, looking for who is responsible
One Driver Arrested of Two Hit and Runs
There were 2 separate cases in St. Catharines