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The Bank of Canada now has the interest rate set at 2.5% amid surging inflation, with further hikes possibly in future meetings to combat skyrocketing costs of living.

Moshe Lander, a senior lecturer in economics at Concordia University, joins Andrew Pinsent on Ottawa at Work to talk through what this latest increase means for your money and where things could go.

<p>The Bank of Canada now has the interest rate set at 2.5% amid surging inflation, with further hikes possibly in future meetings to combat skyrocketing costs of living.</p>
<p>Moshe Lander, a senior lecturer in economics at Concordia University, joins Andrew Pinsent on Ottawa at Work to talk through what this latest increase means for your money and where things could go.</p>

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