For the first time since 2023, the Bank of Canada has hiked its key interest rate. This morning, it went up to 2.5 percent, as BOC Governor Tiff Macklem says inflation in Canada is expected to remain above 3 percent for much of 2027. Oil prices remain elevated as the Iran War drags on. The Canada-USA trade war is heading into Year 3. And the longer prices remain high, the more likely that businesses are to pass the buck onto their customers. Kristy Cameron digs deeper with Richard Forbes, a Principal Economist at Signal 49 Research, in Hour 1. Then, we check in with Janet Gray, a Certified Financial Planner and Money Coach with Money Coaches Canada. But first, we bring you up to speed on today’s top headlines.