Bank of Canada hikes interest rate to 22-year high

The Bank of Canada has raised its benchmark interest rate to per cent, the highest it’s been since May 2001, making everything from mortgages to credit lines more expensive. #inflation #mortgage #news Watch The National live on YouTube Sunday-Friday at 9 p.m. ET Subscribe to The National: Connect with The National online: Facebook | Twitter | Instagram | More from CBC News | The National is the flagship of CBC News, showcasing award-winning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters help you make sense of the world, wherever you are. The National was named Canada’s Best National Newscast by the Canadian Screen Awards and RTDNA Canada.