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Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 | CBC News The Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation.

Interest rates are headed up. What it means for variable and fixed mortgage rates - National | Globalnews.ca Whether you're shopping for a home or about to renew your mortgage, here's what to know.