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Bank of Canada delivers jolt with 100 basis point interest rate hike to crush inflationThe Bank of Canada delivered a jolt to Bay Street, raising its benchmark interest rate a full percentage point, the biggest one-time increase since August 1998 Tiff has to go now. Today. He’s killing people in Canada with these outrageous hikes. We have a housing bubble and now high interest rates. When the bubble pops people will be inside down on their mortgages. This is a war on the working class. Enough is enough
Source: calgaryherald - 🏆 64. / 52 Read more »
Bank of Canada readies rare 75-basis-point hike - BNN BloombergThe Bank of Canada is set to deliver a super-sized interest rate hike this week, as it accelerates efforts to withdraw stimulus from an overheated economy and rein in soaring inflation. I am wondering when the millennials figure out what negative home equity is Finally I'll be able to afford a home. Interest rates should never have gone below 3%. No many people will pay for their error.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bank of Canada targets inflation expectations with full percentage point rate hikeThe Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it hiked its key interest rate by a full percentage point on Wednesday, marking the largest single rate increase since August 1998. Stupid authorities don't understand what caused inflation. Can rate hike lower the gas and food prices ? Increase it to 7% so I can buy a condo Will this move make gas and groceries more affordable?
Source: CP24 - 🏆 30. / 67 Read more »
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 »