Bank of Canada expected to raise key interest rate to 2.25% as inflation soars - National | Globalnews.ca

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Bank of Canada expected to raise key interest rate to 2.25% as inflation soars

The Bank of Canada will also release its quarterly monetary policy report with updated economic forecasts.

In a note, CIBC says it expects the central bank’s growth forecasts to come down since its last report because of weaker GDP growth in the second quarter.Too much, too soon? Experts say rapid interest rates are pushing Canada closer to a recession

 

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Their such a big help bless their crooked hearts

Get ready, they have to continue to increase it until the liberal_party stops spending foolishly and take a more targeted approach to things like healthcare vs making it rain cash. We haven’t seen the worst of it yet.

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