The governor of the Bank of Canada is signalling Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control.Two weeks ago the central bank raised its key interest rate a half point to one per cent and warned more rate hikes would be coming as it works toward an inflation target of two per cent.
Macklem says the bank will be considering another oversized, half-percentage-point interest rate increase at its next rate decision in June. Canada's inflation rate hit a three-decade high of 6.7 per cent in March, well above what the central bank projected in its January monetary policy report. Macklem says Russia's invasion of Ukraine has driven up the cost of energy and other commodities, and is further disrupting global supply chains, but says there is also domestic pressure on prices.
After 15 years the BoC
I’m not an economist, but does anyone else find it strange that when the govt does something stupid like unrestrained spending to drive up inflation, another arm of the govt has to raise interest rates to fight inflation? And then we go around again and again!!
Understand inflation shortly. 5 reasons why Prices are going up and 10 things will be more expensive till the end of 2022
Trudeau inflation
Finally gonna make a little money from investments $📈
Tiff said only three months ago that it was all a conspiracy theory. Tiff is one thick liberal stooge. CTV said same, pundits like the awful Evan Solomon, another liberal stooge.
Poll: Should 🇨🇦 ban “interest”? ⚠️ Declared “forbidden” by God
Dosnt matter...seniors will be forced to sell once there property tax assessment comes in and the taxes are double from last round. It will be carnage
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