Bank of Canada raises key interest rate by 1 per cent

The Canadian Press
Published Wednesday, July 13, 2022 5:23AM EDT
Last Updated Wednesday, July 13, 2022 10:06AM EDT

OTTAWA — The Bank of Canada raises its key interest rate by a full percentage point, its largest rate increase since 1998.

The central bank’s target for the overnight rate now stands at 2.50 per cent.

More coming.