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28 October 2026

Bank of Canada raises interest rates for the first time in three years

Downunder Voices Newsroom

Source reporting: Al Jazeera English

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Bank of Canada raises interest rates for the first time in three years

The central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation.

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Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

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