The Bank of Canada raised its target for the overnight rate to 0.50 per cent.

Canada’s central bank says more rate hikes are coming but says “the unprovoked invasion of Ukraine by Russia is a major new source of uncertainty.”

The Bank of Canada raised its target for the overnight rate to 0.50 per cent.

Source: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/