Skip to main content
Trending
Corporate earningsAi infrastructureEnergy marketsElection litigationAviation safetyCrypto securityAi governanceEnterprise aiPlatform liabilityAvian influenzaClinical trialsFederal debtPresidential runoffRpg developmentSpace debrisAir defenseAutonomous vehiclesBudget crisisBug bountiesEnergy m&aForeign investmentFranchise restructuringGene therapyPandemic treatyTranslation pathwaysUn peacekeepingWeapons testingWeight-space programmingAi copyright lawArchaeological toxicology

full timeline

Bank of Canada–Tiff Macklem

The central bank raised its policy rate by 25 basis points in its first hike since 2023, citing persistent oil prices and trade uncertainties. Governor Tiff Macklem warned that further tightening remains possible if energy costs spill into broader consumer prices.

Factlen Newsroom· Updated

Follow Bank of Canada–Tiff Macklem in the Factlen app and get an alert when there is news. Get the app

The Bank of Canada raised its key policy rate to 2.5 percent, marking the first increase since July 2023.From: Bank of Canada Hikes Key Rate to 2.5% as Global Energy Prices Threaten Inflation

Share this story

Charts, maps and images

The central bank ended a 15-month pause with a 25-basis-point increase.From: Bank of Canada Hikes Key Rate to 2.5% as Global Energy Prices Threaten Inflation ·
Policymakers upgraded Canada's economic growth forecasts following unexpected resilience in the second quarter.From: Bank of Canada Hikes Key Rate to 2.5% as Global Energy Prices Threaten Inflation ·
Markets are increasingly pricing in substantial interest rate hikes over the course of 2027.From: Bank of Canada Warns of Rising Inflation Threat Following Global Oil Spikes ·
The central bank must balance rising energy costs against emerging weakness in the domestic labor market.From: Bank of Canada Warns of Rising Inflation Threat Following Global Oil Spikes ·
Illustration: Persistently high global oil prices have driven Canadian inflation above the central bank's target range.From: Bank of Canada Hikes Key Rate to 2.5% as Global Energy Prices Threaten Inflation ·
Illustration: Damaged refinery capacity and curtailed shipments have kept petroleum prices elevated globally.From: Bank of Canada Warns of Rising Inflation Threat Following Global Oil Spikes ·

Timeline