@Rocco told you
The Bank of Canada has raised its overnight rate to 3.75 per cent from 3.25 per cent. Since March, the central bank has increased its policy rate six times, aimed at tackling inflation and bringing it back to its 2 per cent target.
https://www.ctvnews.ca/business/bank-of-canada-raises-rate-by-50-basis-points-predicts-potential-recession-in-the-first-half-of-2023-1.6125290