Cost of borrowing money goes up as the Bank of Canada increases its benchmark interest rate again
Videos
Cost of borrowing money goes up as the Bank of Canada increases its benchmark interest rate again
Description
January 25, 2023
It is the highest Bank of Canada key lending rate since 2007. As predicted--the nation's Central Bank today increased its benchmark rate for the 8th consecutive time in less than a year--this time by a quarter of a point. As Klaudia Van Emmerik reports, many are hoping this is the peak of the tightening measures as the bank works to drastically decrease inflation.
Cost of borrowing money goes up as the Bank of Canada increases its benchmark interest rate again
Description
January 25, 2023
It is the highest Bank of Canada key lending rate since 2007. As predicted--the nation's Central Bank today increased its benchmark rate for the 8th consecutive time in less than a year--this time by a quarter of a point. As Klaudia Van Emmerik reports, many are hoping this is the peak of the tightening measures as the bank works to drastically decrease inflation.
National News
-
Pharmacare bill covering diabetes, birth control medications passes Senate0:326 hours ago
-
Canadian parents know their kids will go blind, maybe deaf— They’re making lasting memories now1:279 hours ago
-
Obama bashes Trump in emotional speech: ‘All he cares about is his ego and his money and his status’7:0315 hours ago
-
Orchestral manoeuvres in the bark: Vancouver dog’s love for the symphony makes him social media star2:1417 hours ago
-
ASEAN summit focuses on world trade, security, Middle East conflict2:0815 hours ago
-
UN accuses Israel of deliberately targeting peacekeepers2:0815 hours ago
-
Why did Hurricane Milton spawn so many tornadoes in Florida?1:5315 hours ago
-
The science of what makes Hurricane Milton unique1:1115 hours ago
-
Ex-public safety minister says conversation on foreign interference being turned into ‘kangaroo court’0:1817 hours ago
-
Florida surveys devastation after Hurricane Milton2:366 hours ago
Advertisement
Top News
-
Israel fires at peacekeepers: UN2:0420 hours ago
-
Hurricane Milton: Drone shows flooded neighbourhoods, destruction in Florida3:5124 hours ago
-
Hurricane Milton makes landfall near Florida’s Sarasota coast1:492 days ago
-
Climate change causing more frequent and destructive hurricanes2:122 days ago
-
Canadian flag burning at Vancouver anti-Israel demonstration condemned1:413 days ago
-
Hurricane Milton: Powerful storm puts political spotlight on FEMA funding5:003 days ago
-
Hezbollah launches over 100 rockets at northern Israel, damaging building in Haifa1:273 days ago
-
Fight for survival: A look at the chaos, destruction inside Gaza2:134 days ago
-
Israel ramps up assault on Lebanon on anniversary of Oct. 7 attack1:324 days ago
-
Israel mourns Oct. 7 anniversary year after deadly attack3:364 days ago
Sponsored Content
Trending
-
Hurricane Milton: Florida Gov. DeSantis says storm’s toll wasn’t ‘worst case scenario’1:251 day ago
-
Live Nation announces new concert venue in Downsview2:212 weeks ago
-
Garth Brooks accused of sexual assault by former makeup artist0:291 week ago
-
Freeland urges ‘science-based approach’ to drug treatment0:4923 hours ago
-
Chilliwack landslide victims denied help1:4915 hours ago
-
Obama bashes Trump in emotional speech: ‘All he cares about is his ego and his money and his status’7:0315 hours ago
-
Pharmacare bill covering diabetes, birth control medications passes Senate0:326 hours ago
-
Ontario councillor went to Dubai to meet a company already partnered with a local university1:3019 hours ago
-
Toronto getting new temporary concert venue2:422 weeks ago
-
Ontario colleges see 50% drop in international students after cap2:0718 hours ago
Canada
-
ASEAN summit focuses on world trade, security, Middle East conflict2:0815 hours ago
-
Canadians crews dispatched to Florida to help with Milton aftermath2:0418 hours ago
-
‘Liberal logic on display’: Liberals, Conservative debate PBO’s updated report on price on carbon5:2520 hours ago
-
B.C. Conservative candidate apologizes for racist social media posts1:5718 hours ago
-
Freeland urges ‘science-based approach’ to drug treatment0:4923 hours ago
-
Gardiner Expressway repair work said to be months ahead of schedule1:5418 hours ago
-
B.C. party leaders face off in TV debate2:182 days ago
-
Concordia University suspends two student protesters2:182 days ago
-
Liberals accuse Conservatives of “witch hunt” over so-called ‘green slush fund’3:132 days ago
-
Canada’s A.I. ‘godfather’ wins Nobel Prize in physics2:103 days ago
U.S. News
-
Obama bashes Trump in emotional speech: ‘All he cares about is his ego and his money and his status’7:0315 hours ago
-
Hurricane Milton: Florida residents should wait for ‘all clear’ before returning home, Biden says2:4618 hours ago
-
Roof of Tampa’s Tropicana Field torn to shreds by Hurricane Milton0:351 day ago
-
‘Life and death’: Biden stresses dangers of Hurricane Milton5:482 days ago
-
Harris calls Trump a ‘loser’ during interview with Stephen Colbert0:292 days ago
-
Florida issues evacuation orders ahead of Hurricane Milton arrival1:394 days ago
-
Elon Musk’s evolving politics: How the tech billionaire is amplifying conspiracy theories2:054 days ago
-
1 month left until Americans cast their vote in presidential election1:526 days ago
-
Monsters: Menendez Brothers case reopened as new evidence comes to light3:261 week ago
-
Garth Brooks accused of sexual assault by former makeup artist0:291 week ago
Advertisement
World
-
Why did Hurricane Milton spawn so many tornadoes in Florida?1:5315 hours ago
-
The science of what makes Hurricane Milton unique1:1115 hours ago
-
Florida surveys devastation after Hurricane Milton2:366 hours ago
-
Israel fires at peacekeepers: UN2:0420 hours ago
-
Hurricane Milton makes landfall near Florida’s Sarasota coast1:492 days ago
-
Climate change causing more frequent and destructive hurricanes2:122 days ago
-
Florida warned to prepare for ‘catastrophic impacts’ from Hurricane Milton1:562 days ago
-
Madeleine McCann suspect cleared of unrelated sex crimes by German court3:353 days ago
-
‘You better evacuate’: Floridians urged to get out as Hurricane Milton approaches3:273 days ago
-
Ukraine could be facing ‘toughest winter’ since Russian invasion began: NATO3:593 days ago
Politics
-
Trudeau calls for end to violence after 3rd Canadian killed in Lebanon1:265 hours ago
-
Pharmacare bill covering diabetes, birth control medications passes Senate0:326 hours ago
-
Obama bashes Trump in emotional speech: ‘All he cares about is his ego and his money and his status’7:0315 hours ago
-
Police beating death of B.C. man could lead to Police Act changes1:5917 hours ago
-
BC Conservatives promise big changes for BC Ferries1:5817 hours ago
-
Number of trees to be cut down in Stanley Park drops significantly1:4618 hours ago
-
Province says work can move forward on Green Line between Victoria Park and Shepard1:5018 hours ago
-
Quebec looks to cap number of international students1:5918 hours ago
-
PC leader visits northern ridings ahead of New Brunswick election1:5221 hours ago
-
Ontario colleges see 50% drop in international students after cap2:0718 hours ago
Health and Wellness
-
Canadian parents know their kids will go blind, maybe deaf— They’re making lasting memories now1:279 hours ago
-
Health Matters: Alberta reaches new collective agreement with resident doctors2:031 day ago
-
A detour to healing: Calgary woman shares mental health journey2:042 days ago
-
Health Matters: Sugary drinks increase stroke risk, study says2:183 days ago
-
How to recognize symptoms related to hormonal changes5:283 days ago
-
Health Matters: COVID-19 boosters and flu shots to become available in BC on October 155:033 days ago
-
Albertans can now book appointments for flu, RSV and COVID-19 immunizations1:514 days ago
-
MicroRNA work gets Nobel Prize in medicine1:514 days ago
-
Albertans can now book appointments for flu, RSV and COVID-19 immunizations2:114 days ago
-
Health Matters: Canadian doctors told to watch for scurvy2:434 days ago
Advertisement
Investigative News
-
2 brothers evaded sanctions and illegally shipped equipment to Iran2:262 days ago
-
Police discipline report in Myles Gray death obtained by Global News3:112 days ago
-
Hit-and-run leaves Kelowna woman with multiple broken bones1:572 days ago
-
3 provincial elections, 3 conservative parties, 1 strategy: capitalizing on Trudeau’s unpopularity1:431 week ago
-
How a U.S. port strike could affect prices in Canada1:531 week ago
-
Support vessel felt ‘shudder’ when contact with Titan was lost1:522 weeks ago
-
Here’s why coffee prices are set to spike2:082 weeks ago
-
Health Matters: First Nations community has been under boil-water advisory for 29 years2:462 weeks ago
-
Excessive fluoride consumption linked to lower IQ in children: report2:292 months ago
-
Ontario man stumbles upon ‘mind-boggling’ North Korean state TV broadcasts2:102 months ago
News Bloopers
-
Black bear in tree has rough landing after being tranquilized at Halifax-area park0:483 weeks ago
-
Edmonton, B.C. morning show hosts settle NHL playoff bet3:055 months ago
-
‘You can’t make this stuff up:’ Loud clap of thunder interrupts live TV segment at pivotal moment0:2412 months ago
-
Global Calgary weather anchor startled by surprise guest appearance0:2116 months ago
-
Fun times? Global News personalities help clear snow in search of ‘fun’ story2:0023 months ago
-
Global National anchor Farah Nasser swallows fly on-air0:1725 months ago
-
‘Buzzworthy moment’: Colin D’Mello recaps Doug Ford accidentally swallowing a bee1:5726 months ago
-
‘Did you just call me daddy?’: Morning show hosts can’t hold back laughter after on-air mixup1:1426 months ago
-
B.C. dad hoping to see his cloud photo on TV get his wish following viral TikTok campaign2:1130 months ago
-
Bloopers: Phil Darlington slips, slides and falls in these Our Winter City outtakes1:3824 months ago