Bank of Canada raises policy rate amid inflation concerns

The Bank of Canada raised its policy rate amid inflation concerns, a move that may curb price pressures but risks slowing economic growth. Higher borrowing costs could weigh on consumer spending and business investment as global uncertainties persist. The decision matters for crypto markets because tighter monetary policy typically reduces liquidity and appetite for risk assets such as bitcoin and other tokens. Traders will watch upcoming inflation and employment data for signals on whether further hikes are likely.