The Bank of Canada raised its policy rate to 2.5%
The Bank of Canada raised its policy rate by 25 bps on 2026-10-29, from 2.25% to 2.5%.
Canada policy rate, %, 29 Oct 2026
2.50%
Recent readings
| Date | Reading | Change since |
| Now (Oct 29) | 2.50% | — |
| 1 day ago | 2.25% | ▲ +0.25 pts |
| 1 week ago | 2.25% | ▲ +0.25 pts |
| 1 month ago | 2.25% | ▲ +0.25 pts |
| 3 months ago | 2.25% | ▲ +0.25 pts |
Why this matters
Central bank rate moves ripple into everything from mortgage costs to government borrowing costs. When a government's own borrowing gets more expensive, that cost is eventually carried by taxpayers.
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