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CTV News Calgary Top Stories

Bank of Canada holds key interest rate, but warns of looming hikes

The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won't stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020 during the first wave of the COVID-19 pandemic as the economy went into a downturn and three million jobs were lost.

COVID-19 in Alberta today

Alberta's health minister says "the coming weeks are going to be the toughest yet" as the province nears what is expected to be the turning point of the Omicron wave.

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CTVNews.ca Top Stories

Bank of Canada holds key interest rate, but warns of looming hikes

The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won't stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020 during the first wave of the COVID-19 pandemic as the economy went into a downturn and three million jobs were lost.

Russia threatens retaliation if Ukraine demands not met

Russia warned Wednesday it would quickly take 'retaliatory measures' if the U.S. and its allies reject its security demands over NATO and Ukraine, raising pressure on the West amid concerns that Moscow is planning to invade its neighbour.