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Savers get a raise as the Bank of Canada turns hawkish

Katherine Langford
Editor-in-Chief · Wednesday, November 4, 2026 at 7:53 PM · 1 min read
Savers get a raise as the Bank of Canada turns hawkish — Vancouver Business news

The Bank of Canada raised its policy rate on Oct. 28 for the first time since 2023, nudging it up a quarter point to 2.5 per cent. The latest move means savers are on the receiving end of a rate hike.

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