Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 | CBC News

Cue Wormtongue PierrePoilievre

Total Crock from the Branch Utrudopians.

Weird how all of 2021 they said inflation was transitory lol what a bunch of plebs working at the bankofcanada

House price will be decreased

Canadians need to wake up and understand that the far left here and in the US are on mission to create as much poverty as possible. Driving up rates is an attack on the working class and has no effect on the elites.

People think inflation is from money printing. It’s from the supply shocks from needless government lockdowns IE. engineered

This will have little effect on the inflation that plagues everyday people like groceries as long as supply chains, climate wokeness, and energy prices are sky-high.

We survived 17%, so will survive again

This would work on actual inflation. But that’s not what this is. Corporate greed doesn’t care about interest rates.

Thank you TrudeauNationalDisgrace TrudeauMustResign

It will ba a slap in face when the inflation is not going down while central bank is raising such high interest rate.

Hang on. It’s going to be a very bumpy ride.

🦅

Courtesy of the ignorants in economy TrudeauMustGo and Freeland! That's what happens when the government prints money and spend it uncontrollably, joined to useless taxes; it creates inflation that has to be stopped somehow, obviously hurting the taxpayers! Cdnpoli Pierre4PM

Or the gov. could lift all mandates, reduce taxes and entrepreneurial bureaucracy.

Gouging is out of control.

Many peoples mortgages are about to become unaffordable and defaults will start to cascade. The housing market in Canada is about to come crashing down.

Well we will sit back and wait for foreclosures. This is just ridiculous. The large hikes didn’t stop US inflation and the food industry already said prices will go up. bankofcanada you are foolish if you think this won’t cause a recession.

Ouch.

.. glad liberal_party is at the helm🙄

Thank you JustinTrudeau! Canadians love paying more for their variable mortgages! So excited! Should Canada expect the rates to climb to 12% just like during your father's time? Cannot wait! JustinFlation cndpoli

Sure, increase our bills to bring other bills down, makes sense

Great 🖕🖕

Justinflation fixed it for ya. Hope y’all are not over involved with dept. This is going to hurt a lot of Canadian.

So the bank of Canada by raising interest rates. Those of you who are on a variable mortgage are screwed. The house market has fallen your not even going to be able to reclaim your down payment. Remember Government did this threw recklessly spending your money. Giving it away etc

So many people bought houses or margin. This will trigger a whole new housing crisis.

Poll: Is the bankofcanada harming Canadians?

Planned destruction of our system Then implemention of universal income Forever chained to government

Thanks Trudeau

Hyper inflation is coming.

Poll: Is the bankofcanada harming Canadians?

What could go wrong 😳😁

Pierre poilievre 👌

☹️☹️☹️

Breaking really , who didn’t see this coming for months & months , besides Tiff & Freeland . Breaking Pfft , what a joke ..

But journo_dale said raising rates would harm the economy.... it's transitory

Poll: Should the bankofcanada be blamed for a recession?

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada delivers jolt with 100 basis point interest rate hikeThe benchmark borrowing rate is now 2.5 per cent as policymakers move aggressively to confront inflation, Kevin Carmichael writes. Read on.
Source: VancouverSun - 🏆 49. / 61 Read more »

Bank of Canada raises key interest rate by 1 per centThe Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. Wth. Need more rate hikes Inflation is not the problem. Inflation is the result of the problem when our government printed too much money, raised taxes (like the carbon tax) and refused to stop its out of control spending.
Source: CP24 - 🏆 30. / 67 Read more »

Bank of Canada set to deliver even bigger interest rate hike on WednesdaySeveral economic indicators released since the Bank's last decision in June have reinforced the expectations of an outsized hike From alicjawithaj
Source: YahooFinanceCA - 🏆 47. / 63 Read more »