Bank of Canada says it may raise interest rates again
The Bank of Canada may raise interest rates again. The Bank of Canada is the country's central bank. It sets a key interest rate. This rate affects how much it costs to borrow money. Last month, the bank raised the rate to 2.5%. It was its first rise since 2023. On Tuesday, the bank shared a summary of its recent talks. The summary said more rises are possible. The bank wants to stop high energy prices from pushing up the prices of many other things. A general rise in prices is called inflation. Its next rate decision is December 9.