{video} The Bank of Canada has rapidly raised interest rates to five per cent over the past year and a half, starting from a low of 0.25 per cent in March 2022. Inflation now appears to be trending downward and the economy is showing signs of slowing, prompting many economist to predict that the rate hiking cycle may be coming to an end – though the Bank of Canada hasn’t ruled out future hikes, and has given no indication of when it will cut rates. Economists are largely expecting the central bank will hold rates at five per cent at this Wednesday’s rate decision. Here is a timeline of the rate decisions that got us ... (full story)