Bank of Canada raises the policy rate by 25 basis points to 2½%

What happened

The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

Why it matters

The financing changes available capital and competitive capacity around Funding; terms and investor participation remain key.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

1. Bank of CanadaPrimary source · Supports · EN · 100%
   Bank of Canada raises the policy rate by 25 basis points to 2½% ↗Oct 28, 2026, 5:47 AM

Claims

• Bank of Canada raises the policy rate by 25 basis points to 2½% Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

1. October 28, 2026 at 5:47 AMFirst reported
2. Oct 28, 2026, 10:09 AMPrimary source · 56/83%

Market move following event

Market reaction is not yet available for this asset and time window.

Score explanation