Mortgage clarity
Bank of Canada Raises Rates to 2.5%: What the October 2026 Hike Means for Your Mortgage
Bank of Canada has raised its policy rate for the first time in seven decisions. On October 28, 2026, it increased the overnight rate target by 25 basis points, from 2.25% to 2.5%
Nov 2, 2026 · 17 min
Read article