Canada Bank of Canada inflation Canada inflation Canada

Bank of Canada expected to announce another key interest rate hike

Reading now: 464

The Bank of Canada is expected to announce it will be raising its key interest rate Wednesday, making it the fifth consecutive increase this year.

Some Canadian banks are expecting the Bank of Canada to increase its key rate by three-quarters of a percentage point, bringing it to 3.25 per cent. Read more: Not all Canadians feel the pain of interest rate hikes.

Here’s why that might change The rate hikes will feed into other lending rates, making it more expensive for Canadians and businesses to borrow money.

The Bank of Canada, along with central banks around the world, has been raising interest rates in an effort to cool sky-high inflation.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Scott Pezick - Pennsylvania nanny accused of using a parent's credit card for high-end shopping spree - - state Pennsylvania - city Moscow
Pennsylvania nanny accused of using a parent's credit card for high-end shopping spree
WEST WHITELAND TWP, Pa. - A Pennsylvania nanny is accused of using a parent's credit card to rack up thousands in charges, including a shopping spree at several high-end retail stores. Jessica Gadebusch, 20, was arrested and charged with third-degree felony after authorities say the parents of two noticed nearly $8k in erroneous charges on their card. Anne Carlin, an Exton resident, said she hired Gadebusch when their daycare was suddenly closed by the state due to allegations made against the staff. "We went on Facebook to the babysitting nanny groups and we saw Jessica’s post that she was available immediately," Carlin said.MORE LOCAL HEADLINESDuring Gadebusch's two-week stint as the Carlin's nanny she was given their credit card to take their kids to the zoo and returned the card after the trip. The Carlin's then noticed thousands of hundreds of dollars in charges at Sephora and LuluLemon, as well as an AirBnb transaction. Investigators with the West Whiteland Township Police Department later found the Gadebusch added the Carlin's card to her Apple Wallet to make the purchases."We have to warn our residents that this type of thing may happen," Detective Scott Pezick said. "we allow people in our house, nannys, cleaners, home healthcare workers, and sometimes it’s just an opportunity for people to make bad decisions."Anne Carlin and her husband allegedly had thousands charged to their credit card by their nannny.
FBI searching for a man who allegedly robbed a Wells Fargo Bank in North Philadelphia - - county Park - county Wells - city Fargo, county Wells - city Center - Philadelphia, county Park
FBI searching for a man who allegedly robbed a Wells Fargo Bank in North Philadelphia
The FBI is looking for a suspect who they say robbed a Wells Fargo Bank in North Philadelphia on Monday.  PHILADELPHIA - The FBI and the Philadelphia Police Department Violent Crimes Task Force is seeking the public's assistance in identifying and locating the person who allegedly robbed a Wells Fargo Bank in North Philadelphia on Monday afternoon.At around 12:55 p.m., authorities say the suspect entered the bank on North Broad Street, waited in line, approached the teller, and demanded money. After obtaining an undisclosed amount of cash, police said the suspect fled the area on foot and was last seen heading south on Broad Street.MORE HEADLINESDA: 14-year-old charged in connection with fatal shooting of Philadelphia Parks and Rec employeeMan, 23, charged in police-involved shooting outside a Center City nightclub, police sayEgg Harbor City man sentenced on sex assault and endangerment of 2 childrenPolice describe the subject as a man, about 5'10-5'11 tall, thin build, wearing a blue, white, and green plaid shirt, black pants, black cap with "Philadelphia" on it, black face mask, and white shoes, carrying a blue duffel bag. The suspect is considered armed and dangerous and police are urging anyone with information about this robbery or the suspect to call th FBI or the Violent Crimes Task force at 215-418-4000, or go to reward is being offered for information leading to the suspect's capture. 
Sri Lankans - Samantha Power - EXCLUSIVE: USAID announces US$40 million for Sri Lankan farmers - - Usa - Sri Lanka - state Indiana - county Power
EXCLUSIVE: USAID announces US$40 million for Sri Lankan farmers on Saturday, September 10, 2022 COLOMBO (News 1st); USAID Administrator Samantha Power, who is currently on a two-day visit, said that USD 40 million will be granted to the farmers of Sri Lanka from the people of USA, in order to assist 1 million farmers in Sri Lanka.She said this new funding is expected to help farmers to obtain the agricultural necessities and fertilizer they need in time for the next harvesting season, and will also help to provide for their families and communities.The USAID Administrator is due to meet with government officials, private sector representatives, as well as farmers and other Sri Lankans most impacted by the complex emergency to discuss how their lives have been affected by the current crisis.She also met with farmers in Ja-Ela and discussed the hardships which they faced.Pointing out that the USA has a history of working with the Sri Lankan people to spur economic development to support the resilience of Sri Lankans, Administrator Power said that it had become a difficult time for farmers to continue their livelihood. Citing a World Food Program report about food insecurity in Sri Lanka, Administrator Power said that it is a consequence of the economic crisis in the country.She also emphasized that the USA stands by Sri Lankans at this time of vulnerability, and looks foward to meeting more representatives within the two day visit.Administrator Power is also due to meet with parliamentary leaders representing various parties to learn their views on how to address the economic and political crises in Sri Lanka.During her visit, the Administrator will highlight the United States’ enduring support for the people of Sri Lanka and discuss issues related to food security, fuel
Local Headlinesthe - Vehicles pelted with rocks, debris thrown from train overpass onto Philadelphia highway - - state Delaware - state Oregon
Vehicles pelted with rocks, debris thrown from train overpass onto Philadelphia highway
PHILADELPHIA - Authorities are investigating after motorists reported being pelted with rocks and other debris while driving down a Philadelphia highway on Tuesday night. A driver who asked to remain anonymous told FOX 29 that he was driving on I-76 eastbound near the Passyunk and Oregon Avenue exit around 7 p.m. when his car was struck by a large rock. He described the sound of the rock shattering his windshield as an "explosion" that sent glass fragments scattered across the inside of his brand-new car. "When the car got his I thought I got shot, the car got shot, that's how much of an explosion it was," he said. MORE LOCAL HEADLINESThe unnamed driver pulled his vehicle to the side of the road where several other cars had stopped after also being struck by thrown debris."There was a guy about 5-10 cars up from me that said a rock had gone through the windshield and struck a woman in the face that she needed emergency services," he said. Another driver who was in the shoulder of the highway claimed that her car was struck by a fire extinguisher, according to the anonymous driver. Officers from the Delaware River Port Authority said one person was throwing debris from the CSX Railroad overpass, but they ran away before police arrived. Dozens of cars were damaged when police say someone hurled rocks and other debris onto a busy Philadelphia highway.
Elizabeth Queenelizabeth - Elizabeth Ii II (Ii) - Double rainbow over Buckingham Palace as Queen Elizabeth's death is announced - - Britain - Scotland - city London - county Windsor
Double rainbow over Buckingham Palace as Queen Elizabeth's death is announced
LONDON - On a rainy day in London, as the world learned of the passing of England's longest-reigning monarch, a brilliant double rainbow appeared outside of Buckingham Palace.Queen Elizabeth II, the longest-reigning monarch in British history, died at the age of 96 after she was placed under medical supervision at Balmoral Castle, her summer residence in Scotland, when doctors became "concerned" for her health. Throughout the day on Thursday, mourners gathered in and around Buckingham Palace where the Union Jack was flying in all different manners including, of course, umbrellas.As news of the Queen's death was released by Buckingham Palace, a photo taken by Getty photographer Samir Hussein was shared that shows a double rainbow forming in the overcast sky.A man looks on holding a Union flag umbrella as a rainbow is seen outside of Buckingham Palace on September 08, 2022 in London, England. Buckingham Palace issued a statement earlier today saying that Queen Elizabeth was placed under medical supervisi The photo, and variations from the same angle, will likely be remembered for years to come.Mourners were gathered in front of Buckingham Palace throughout the day and the photo captures the rainbow appearing over the Victoria Memorial.But that wasn't the only rainbow to appear.
Susanna Reid - Buckingham Palace - Susanna Reid wishes Queen were 'immortal' in emotional post amid royal health scare - - Britain - Scotland
Susanna Reid wishes Queen were 'immortal' in emotional post amid royal health scare
Susanna Reid has penned an emotional tribute to Her Majesty the Queen on Instagram amid growing concerns for the monarch's health.It follows news on Thursday (September 8) that the Queen has been placed under medical supervision at Balmoral Castle in Scotland.A statement from Buckingham Palace said doctors have grown "concerned" for Her Majesty's health and that she remains "comfortable" at Balmoral.READ MORE:Susanna Reid, 51, hailed 'super sexy' by fans as she shares glam snap ahead of GMBThe full statement read: "Following further evaluation this morning, the Queen's doctors are concerned for Her Majesty's health and have recommended she remain under medical supervision."It added: "The Queen remains comfortable and at Balmoral."GMB host Susanna took to Instagram with a poignant tribute to the monarch, where she admitted she wished the Queen were "immortal".The ITV star shared two beautiful snaps of Her Majesty smiling as she wore her iconic pearl necklaces.One was from many moons ago and saw her sporting her iconic jewel-encrusted crown, with the second showing her clutching her walking stick in a gorgeous blue jumper.Susanna wrote: "No one more likely to be so loved, admired and respected than Her Majesty The Queen and although she cannot be immortal, I think we have always hoped she might be."Fans of the GMB star flooded to the comments to pen thoughtful messages of their own.One fan wrote: "Very true [heart emoji] cannot imagine the monarchy without our Queen."Another said: "Think we all agree on that sentiment, the greatest woman of our time."A third commented: "You’ve expressed my thoughts exactly.
Sally Nugent - Thérèse Coffey - Jon Kay - BBC Breakfast’s Jon Kay sparks outrage as Health Secretary shuts down tense chat -
BBC Breakfast’s Jon Kay sparks outrage as Health Secretary shuts down tense chat
BBC Breakfast host Jon Kay was shut down by new Health Secretary Therese Coffey during tense grilling as she ended interview early.During Wednesday’s instalment of the popular BBC morning show, the 52-year-old broadcaster returned to Number 10 Downing Street as he shared live coverage ahead of Liz Truss’ first cabinet meeting.While Sally Nugent held down the fort on the red sofa at the Salford studios, the TV presenter interviewed the first female deputy prime minister as he grilled her on the backlash she has faced on social media.READ MORE:BBC Breakfast thrown into major format shake-up as Sally Nugent presents soloBut it appeared as though the politician was unimpressed with his line of questioning as she swiftly shut down his comments, arguing that she had to “move on” to another broadcaster.When she appeared on the BBC show, the 50-year-old MP discussed her ABCD police which aims to improve ambulances, medical backlog, care, doctors and dentists in the NHS.She told viewers at home: “As I say my focus is on ABCD and that will be my focus for the time that I'm in health and social care.“Forgive me to my friends at the BBC I need to move on to another broadcaster.”Determined to get answers following the backlash she received about her religion and opinions on health, Jon pushed for an answer on air.He said: “Okay well we’ll see you down here in Downing Street very shortly but I was just going to ask you before you go.“You know that there’s scrutiny about your personal views and your faith right now.“You'll also have seen stuff on social media last night talking about you being a smoker, how do you welcome all of this talk?”Therese fired back with: "I didn’t look at social media last night, I'm too busy trying to get