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Lead story Forex Bank of Canada Rate Hike Could Raise Borrowing Costs for Canadians The Bank of Canada may raise its key interest rate next week, which could lead to higher borrowing costs for Canadians. Inflation has slowed to 2.8%, but food prices remain high, and geopolitical tensions pose risks. Governor Tiff Macklem has warned of potential consecutive rate hikes if oil prices rise further. The central bank has kept the rate at 2.25% since October 2025, balancing inflation control with economic growth concerns. Sentiment -2 Clout 70 Speculation 6 CAD

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