Bank of Canada Hikes Interest Rate to 0.5%.

In an effort to offset the unprecedented and exponential inflation that we as Canadians have seen over the past couple years, the Bank of Canada hikes interest rate to 0.5 per cent.

Read more about it here:

https://financialpost.com/moneywise-pro/the-bank-of-canada-just-raised-its-key-lending-rate-heres-what-that-means-for-you