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Canada-EU Relations and Central Bank Rate Hike

Updated 2026-10-28 17:05 UTC 1 source Neutral

The EU proposed to make Canada its first associate member in response to US tariffs. Meanwhile, the Bank of Canada raised interest rates for the first time in three years due to rising energy prices.

Coverage timeline — 2 articles

Al Jazeera

Bank of Canada raises interest rates for the first time in three years

The central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation.

2026-10-28 16:44 UTC

Al Jazeera

Canada-EU summit: What do both sides want, and what’s at stake?

The EU has proposed to make Canada its first associate member amid tensions over US tariffs.

2026-10-28 16:54 UTC