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Bank of Canada raises rates, says it is prepared to raise them further<!-- wp:html --><p><a href="https://whatsnew2day.com/">WhatsNew2Day - Latest News And Breaking Headlines</a></p> <div> <div> <p>OTTAWA-The<span class="highlight"> Bank </span>of<span class="highlight"> Canada </span>on Wednesday raised its key overnight rate by a quarter of a percentage point to a 22-year high of 5 percent, saying it may raise rates further due to the risk of inflation stalling above its target for 2 percent.</p> <p><a href="https://whatsnew2day.com/bank-of-canada-raises-rates-says-it-is-prepared-to-raise-them-further/">Bank of Canada raises rates, says it is prepared to raise them further</a></p> </div> </div><!-- /wp:html -->

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OTTAWA-The Bank of Canada on Wednesday raised its key overnight rate by a quarter of a percentage point to a 22-year high of 5 percent, saying it may raise rates further due to the risk of inflation stalling above its target for 2 percent.

Bank of Canada raises rates, says it is prepared to raise them further

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