Bank of Canada ends pause on hikes, raises policy rate by 25 basis points
The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January.

The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January.
Poor air quality is forecast to persist into the weekend across parts of Ontario, as plumes of wildfire smoke blanket the province and prompt school boards to limit outdoor activities.
One of the architects of the law that governs Canada's prison system says it's understandable people want revenge on killer and serial rapist Paul Bernardo, but that's not what the prison system is designed for.
Environment Minister Steven Guilbeault told Power Play host Vassy Kapelos it would 'greatly help' Canada's capacity to accelerate the fight against climate change if he didn't have to 'fight the Conservative Party of Canada.'
A rare manuscript detailing comedy shows and drinking songs from the 15th century revealed what medieval audiences found funny more than 500 years ago.
The number of interactions between killer whales and humans has increased alarmingly in recent years. CTVNews.ca asked an expert to explain the reasons behind the increase in interactions, explore the types of encounters, and examine the implications for both humans and killer whales.
Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data.
Canada’s housing market saw the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada.
Many Canadian parents are stretching themselves thin — even going as far as to postpone their retirement in some cases — in order to help pay for their children’s education, according to a new survey.
While some natural disasters or bouts of extreme weather may require sheltering in place until authorities can restore power to the area, others require residents to evacuate quickly, sometimes in a matter of hours — and if you want to be prepared, you should create a grab-and-go bag.
A growing number of men are undergoing a radical surgery to become taller. CTV W5 goes inside the lucrative world of limb-lengthening surgery.
Post tropical storm Fiona showed how quickly Canadians can be displaced by climate change. W5 looks into whether more people living in vulnerable areas will have to consider moving in the years to come.
W5 goes deep into the narco heartland to interview a commander with one of Mexico's most brutal cartels.
Convicted murderer Daniel Jolivet, in prison for the past 30 years, has maintained his innocence since the day he was arrested. W5 reviews the evidence he painstakingly assembled while behind bars.
W5 Producer Shelley Ayres explains how she was in awe to meet what the Guinness Book of World Record's has named the World's Tallest Teenager, a 17-year-old from Quebec who plays for Team Canada.
CTV W5 investigates what authorities knew about plans to smuggle cocaine out of the Dominican Republic on a Toronto-bound Pivot Airlines flight. The airline's crew is demanding justice following their eight-month detention.
Gordie Sampson has written hit songs for some of the biggest names in country music, including Carrie Underwood and Luke Bryan. CTV W5 speaks with the Grammy winner from small-town Nova Scotia about his creative process.
On CTVNews.ca, W5 exposes the suspicious company chartering a Pivot Airlines flight that ended up with 210 kilograms of cocaine onboard.
Halifax media outlets were given a tour of the neighbourhoods hardest hit by the Tantallon wildfire Tuesday afternoon and saw firsthand the damage and destruction left behind.
Video shows Fisheries and Oceans Canada (DFO) staff leading the rescue of a severely entangled humpback whale off the coast of British Columbia last week.
The mystery behind an urn found in the front lawn of a Barrie home has been solved.
A whisky brand co-founded by actor Kiefer Sutherland says it has raised more than $100,000 for relief efforts related to the ongoing Nova Scotia wildfires.
Jessica Tuomela is a swimmer and triathlete, and has been on the podium at the Paralympics, but says the feeling returning a missing person home safely is no comparison.
La Pimenterie's Curry Verde is the hot new thing on 'Hot Ones,' a hit celebrity interview show on YouTube.
A burnt metal frame of a trampoline offers a tiny trace of the young family who until Sunday, lived on Jenna Lane.
Gangs of killer whales have been causing chaos off the coast of Spain for the past few years, ramming into hundreds of boats, causing expensive damage to some and even sinking three since 2020. And UBC researchers have a theory why.
A Guelph man is gaining online popularity for scratching and sampling during his walks around the Royal City.