Rate to increase 50 basis points
As expected, The Bank of Canada has increased its key overnight rate another half a percentage point to 1.5 per cent.
The move comes as the bank tries to control inflation which has soared to 6.8 per cent in two months.
The next scheduled date for announcing the overnight rate target is July 13.
Police Looking for Missing Woman
They say Marni Parliament last seen at her home in Niagara Falls
Man Killed in Wainfleet Crash
Police say he was thrown from the pickup truck as it rolled into the ditch
Police Arrest Another Assault Suspect
They're still looking for 3 more men, after assault in St. Catharines
‘Please disregard the content of that email’: Tim Hortons mistakenly awards hundreds of grand prizes
Picture of Assault Suspect Released
Police also looking for 3 others after man left with life threatening injuries
Premier Fumes Over Gas Price Increase
Doug Ford pointed out there's been no change in places like Chicago or Minnesota
Niagara Falls Man Charged with Fraud
Police say it was concerning construction jobs that didn't get done, after payment
Arrests Made in Armed Residential Robbery
Two men face a number of charges each after the robbery in Niagara Falls