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Same bank of Canada that said Pierre was a financial idiot when he predicted this would happen PierrePoilievre
Headline: Banks rake millions more in profits on July 13,2022 as Canadians are forced into poverty and bankruptsy do to the reckless spending and carbon tax by the Liberal Government of Canada.
Canada has bigger problems.
Remember the early 80’s and PET… it’s happening again 🤡
karen_vecchio Who would have guessed this was going to happen lol. Liberals so smart!!
Yet again the rich will get richer and the poor schmucks barley making ends will have to pay higher prices. It almost seems like this whole pandemic global economic disaster was all planned in order to increase bottom lines for banks and cooperate elites.
Just ANOTHER Conspiracy theory coming true!
Are these guys crazy…do any of them even own a mortgage. Even people fixed mtgs will need to renew their rates at some point, this is ludacris!!
Justinflation
Great, I’m sure Blackrock and such will be there to scoop up our houses for rock bottom prices when everything collapses and people can’t afford their home payments anymore.
Rates keep going up and up and wages are not moving pls explain this to me
Translation: “We’re so far behind the inflation curve, we can’t even see the curve. Our low interest rate & quantitative easing (QE) policies, coupled with aggressive federal govt fiscal stimulus, have driven an epic housing bubble, which we’re now determined to burst.” cdnpoli
This is fantastic news for supporters of the corrupt Blackface regime which said inflation was transitory and budgets balance themselves. Reckless spending and voting has consequences.
Canada is starting to experience déjà-vu of the Pierre Trudeau era. High interest rates and high inflation! I remember those years. Not a pleasant period in the lives of many Canadians.
1980’s just called and asked if we wanted tips.
Someone needs to fire that guy.
Three lessons for Trudeau: 1. When you massively increase the amount of money in the system you get inflation. Too many dollars chasing too few goods 2. When you pay people to stay home they produce less 3. essentially zero percent rates make assets, like houses worth infinity.
Is there a way for my family to send thanks to the Trudeau government? An email or somewhere to send a hand written thank you note?
The worst is yet to come.
Lets crush the working families.
It was 1.75% pre-pandemic, the rates are still low and nobody forced anyone to get supersized mortgages or use their HELOC to spend on shit they can’t afford and now everyone crapping their pants on 2.50%, enjoy getting poor.
Two weeks to flatten the curve, two years to flatten Canadians
Justinflation
No one should trust a nose with that little airflow.
Remember Trudeau is helping the middle class and those that are working hard to join it. Where is the little weasel today. We have been subject to endless photo-ops for days.
Dear Canadians, If your individual income is around or under $60,000, I feel empathy for you as mortgage rates rise. If you're a very high income Canadian who over spent on your house and you didn't bother to anticipate higher rates, please don't cry about your rates around me.
100bps is 1% but doesn’t sound as effective right? 🤪
“Just transitory” yet everybody and their dog knew otherwise. I have no confidence in this guy
This might be the end of me
Anyone concerned over the fact they “couldn’t predict the extent of the inflation” this is their job, this is what they are there for. Every smart person saw this coming, except for the Bank of Canada The same bank that printed money and devalued it!
Liberal voter's 🤡
These greedy old aholes are making the banks richer, hurting the population, and still pushing the lie that there's too much money in circulation when in fact this is all supply chain driven. They will see no change from this and think raising it again might still work
Whoa! BUT, it is absolutely necessary!
Shock and awe, but this can't be sustained:
Funny to see renters think that wont affect them lol
Long way to go before anything changes
Groceries have been impacted by gas and delivery of food so far. Everything in Canada is still growing and still needs to be harvested. Everything grown including animals for meat will be more expensive towards fall. Food will go up. This is just the beginning of inflation
Thank you TrudeauMustResign TrudeauNationalDisgrace
Holy smokes. That 'soft landing' is going to be a bit bumpy. cafreeland
Here we go and it's going to be bad. But hey, the Trudeau govt will gaslight us with tips on being frugal.
Socialist Communist Liberals will cause Canada and Canadians to be bankrupt.
Thanks Covid lockdowns and money printing. Now everyone starves
What does everyone expect with Trudeau printing money and giving billions away.
Trudeau is trying his best to get Sri Lanka’d
And why don’t you write how there’s many more to come!
Looking forward to the bumper crop of housewives starting Onlyfans
2.5 percent, that's it? Nothing to see here...
Interest rate hikes are just going to be benefited to the already richer banks not to the hardworking Canadians.
Omg so U’ve suffered delays in getting ur house due to shortages & delays in city permits & now U have been screwed in selling UR home by JustinTrudeau & cafreeland ‘s theJagmeetSingh ego!! We will remember this! cdnpoli cdnmedia bankofcanada TiffMacklem ottawacity
That's all these clowns know how to do. Raise interest rates.
Poll: Should bankofcanada be blamed for a recession?
Loans Loans Latest News, Loans Loans Headlines
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Source: CP24 - 🏆 30. / 67 Read more »