Monday, October 31, 2022

What Bank of Canada's latest interest rate hike could mean

Global News on Youtube shows that the Bank of Canada raised its key interest rate by 50 basis points to 3.75 per cent on Wednesday, as the inflation battle continues and Canadians continue to feel more strapped financially. Anne Gaviola reports on what the latest interest rate could mean for your wallet as the institution continues to try and cool the economy and bring inflation down.

And Ross Lord explains how some homeowners are now debating whether to lock in their mortgage rates before they climb even higher.

High food prices in the United Kingdom are being blamed for the country's inflation rate rising to 10.1 per cent in September. Crystal Goomansingh looks at the toll the soaring cost of living is taking on Britons.

Two women who left Canada to join ISIS fighters have now returned home with their children, after spending years in a detention camp in Syria. Mercedes Stephenson explains the charges the women are now facing, and the building pressure on Ottawa to do more to secure the release of Canadians in detention camps.

Plus, an Ontario woman who says she was wrongfully charged with murder plans to sue the OPP for the accusation that she says destroyed her life. Caryn Lieberman reports.

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