Canada has increased its interest rates by 0.25 percentage points, from 0.5% to an annual rate of 0.75%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on July15th 2015, when the Central Bank increasedinterest rates by 0.25 percentage points to 0.5%.