Economists predicting hike in interest rate next week.
The Bank of Canada is expected to increase the interest rate by a large amount next week.
Bank of Canada Governor Tiff Macklem has said the central bank remains concerned about high inflation rates.
Some of Canada's major banks are predicting the bank will increase the key interest rate by three quarters of a percent to 3.25 percent.
In July, the bank increased the rate by a full percentage point, which is the largest single hike since August 1998.
Higher interest rates make it more expensive for Canadians and businesses to borrow money, and the bank is hoping that by making the cost of debt more expensive, spending and inflation will cool down.
Man Charged in St. Catharines Murders
Mandatory Alcohol Screening Coming: OPP
2 People Dead in St. Catharines Homicide
NRP Active in Solving Smithville Murder
Man Dies in Welland House Fire
Welland Signs Deal for More Housing
Drug Charges Laid After Police Chase
Explaining Labour Shortage Complicated: CEO