### [2026-10-28](/feed/2026/10/28/index.md)

##### 2026 Iran war fuel crisis
# The Bank of Canada raises its policy interest rate by 25 basis points to 2.5%, its first increase since July 2023, citing persistent inflation driven partly by higher oil and gasoline prices linked to the Iran war. 

Canada's central bank raised its key interest rate to 2.5 percent Wednesday, as it tries to prevent an oil price surge caused by the...


### Sources:

1. [AFP](https://www.afp.com/en/canada-hikes-rates-contain-oil-price-surge-caused-iran-war)

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