Bank of Canada hikes interest rate to contain inflation, but economists are split over timing
Governor Tiff Macklem says the hike in the rate is necessary to prevent high energy prices from impacting overall costs for Canadians, as inflation is projected to rise to about 3.5 per cent by the end of 2026.
Canada’s central bank is hiking its policy interest rate a quarter point to 2.5 per cent—up from 2.25 per cent—pointing to stronger economic growth and higher inflation in the near term. But economists are divided over the move, with some calling it "hasty" and ot...
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