Bank of Canada expected to deliver interest rate hike next week. How high will it go? – National

Bank of Canada expected to deliver interest rate hike next week. How high will it go? – National

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point