The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. The Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time this year.THE CANADIAN PRESS/Sean Kilpatrick.
The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. The Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time this year.THE CANADIAN PRESS/Sean Kilpatrickverygudbadtguy Boooooooooooooo
Merry fuc**** Christmas to you too bankofcanada and JustinTrudeau ! Perhaps all thoseFRAUDULENT CERB Cheques y’all sent out could have helped right about now 🖕🏻🖕🏻🖕🏻TrudeauCorruption TrudeauIsAPsychopath TrudeauIsDestroyingCanada TrudeauNationalDisgrace TrudeauResign
'Interest rates are very low, and they’re going to be there for a long time' —Tiff Macklem [July 15, 2020]
Why aren’t you covering the death of a 2 year old in the Lakeridge Ajax Hospital? The baby died while waiting for care in the ER. DougFordMustGo
Think about this: they would have to increase taxes by 60%. People would be on the streets rebelling. Instead, they don’t, and other things go up (gas, food, heat, rates) slowly asphyxiating people & they don’t realize it’s being done to them
Great job Tiff! 🤦🏻
Governments print cash to fund wars, resulting in inflation. This is why US & Canadian leaders blamed Russia and the war for inflation - they knew they’ll be printing more cash to fund it - but people were scratching their heads, how(?). It’s also why, protest can’t stop wars.
Hello bankruptcy
Thanks to Trudeau voters! You deserve it!
Everyone please stop whining!!! Rates were 2 digits years ago! It’s just 4.25% now. Chill!!!
Stay Strong Government and those Rich donot want u to own anything or become rich and wants u to spend all earning but you can make it this will last may be two or three years.Donot sell for less. This is the time Rich become rich
Not breaking news, it was expected, even the 50 basis points was expected by most economist. If you call 'expected news', 'breaking news' then what do you call actual breaking news?
Fuck man
An extra $1,000 mortgage per month is not easy to swallow. Salary doesn’t increase that fast per month. Even if you cut Disney+, it won’t help.
It’s still low compared to before most of you remember. If it pushes speculators out it’s a good thing. If they have extra cash invest in Canadian real businesses…but not another Dollarama!
They need to pay back their debt.
Greedflation...collusion with the banks.
Thank you bankofcanada for doing the right thing. Affording bread and milk is more important than house prices.
why the misinformation on fixed vs variable mortgages. The ones who have to pay more is becuase their ratios are terrible. They likely should never have got that mortgage in the first place.
JT going to jack up taxes next year. That's when real show starts. Canada going straight to third world.
Trudeau Freeland Singh Omar in one picture going from 7 to 10 in political incompetent governing
$1 Trillion printed 🇨🇦$$$s money is gone …nothing to show for most likely funnelled to 1% friends family cronies while 🇨🇦s suffer and will be eating crickets soon , end game fir Trudeau
Thank Trudeau Freeland Singh for increased interest rates via Bank of 🇨🇦 fed …home condo credit debt just got more expensive to live with carbon taxes …thank these clowns…political incompetent govt heads..voters getting what they voted for…one big fat ugly lie in 🇨🇦libs ndp
Please find ways to help us lower interest rate.. help us to be able to keep up please Sir/ Madam!!
Lmfao after going through the comments it’s apparent many don’t know how these things work smfh. Human capital is important and each and every one of us so do our part to learn and educate ourselves.
Maybe if they keep raising it Trudeau will stop getting money printed to send to other countries but that’s wishful thinking we’ll continue to drown and pay 12+ dollars for strawberries and lettuce. Time to start growing our own and rely on ourselves. Greenhouses are good too
🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻🖕🏻
It’s BREAKING truly… breaking everything of mid-class people.
Kept extreme low interest rate to lure Canadians to have the highest debt ratio in the world. Increasing interest rates too fast without lowering inflation by a bit but to bankrupt Canadians and causes recession. How could the bankofcanada get their job? They did nothing right
So this is a plan to eliminate the middle class!!
Complete bullshit. We’re long overdue for leadership changes at BOC and the government
JustinTrudeau just promised 15 million to help clear the land mines from Ukraine
JustinFlation
Fuck it yeah lets keep making sure banks have record quarters over and over and over and over and
BOC is forcing Canadians to choose 1. Between groceries & starvation 2. Between shelter & homelessness WAKE UP AND HAVE MERCY. BOC DON'T MAKE CANADIANS PAY FOR YOUR STUPID MISTAKES AND LIES. JustinTrudeau theJagmeetSingh bankofcanada PierrePoilievre MacklemTiff
Keep it going!!!! Let’s calm the storm!!
They are killing us.
Gee thanks
Keep raising those rates 🇨🇦 - those realtors are loving this.
On the way to 7% fixed mortgages sometime n 2023.
Imagine,if the houses go on POWER SALE,due to inaffordability, what happens? Inventory/supply would increase but no buyers. Then what will the banks do? Think
Keep crushing the middle class while they Hand out billions of dollars with no checks and balances or buy more vaccine than you need for next 10 years because it's not your money so who cares. Tike to move from this country
BOC IS KILLING PEOPLE. THEY ARE FORCING A BAD RECESSION.
Yeah that makes everything more affordable. Thank you sunshine list people.
What a joke the dancing prime minister
Tiff needs to be fired. When Canadians are already suffering they stab the knife even deeper
Pay more for groceries,pay more for your mortgage and pay more for credit cards interest
oh thank god. I almost thought i had a few bucks laying around for xmas
This is absolutely ridiculous
Is buying a house crime ? We don’t deserve this. You are pushing middle class to food banks and shelters.
Didn't everyone get the carbon tax rebate? Or cancel their Disney plus ? Why all the worry?
Curbing demand by having less money in people's pockets results in oversupply, and lower inflation. Its the easy way to out to have the population carry the bag for Trudeau's and his cronies' financial fuckups.
This is an opportunity to buy a house. Only if you were smart with your money during the last 15years. If you played along and followed ppl then you're doomed. Good luck.
This is crazy, they want Canadians to remain in poverty. Ridiculous.
Really don’t understand if they understand the impact on normal households. Sigh.
Will any of this ever extend to retail banks savings accounts?
People can't afford mortgage anymore JustinTrudeau
Targeting your basic needs in a first world country
You obviously didn’t live in the 70s and 80s when interest rates were sky high
Merry fucking Christmas. They aren’t going to quit till they bankrupt half the people.
brought to you by those who voted for this clown:
bankofcanada Tiff Macklem should come in front of camera and apologize to all Canadians. He mislead Canadians and wrongfully encouraged (gave green light) them to take on huge debts.
$27 Billion in CERB that’s under investigation. There’s your rates increase folks
Merry Christmas
Banks shouldn’t be allowed to prophet from these increases.
They gonna keep going until there is no middle class and their rich friends can buy our homes we can’t afford.
The interest rates are very distressing. I’m a RN on LTD. I don’t know how long I can continue to pay this.😥😥
Bunch of criminal bankers colluding to steal the equity of our dollar
They are over shooting. This should be the last hike.
Of course there are still too many people with jobs for them to even consider stopping
The goal is to make people really poor or homeless
So this effectively kills my family. Right around Christmas time too. I hope banks and the rich have a merry Christmas, kuz we won't. Break out the fridge boxes kuz that's where we're moving into next! I hope the back of Canada is proud.
Keep voting Liberals 🗳!! Great job Canada!!...
Ding dong
Well we all enjoyed the free money during covid and now we have to pay for it. Liberals have no idea what economics is.
🤦🏻♀️
Cost of borrowing has been extremely cheap for years. It was never going be like that forever.
Loaning money to the Canadian people that they create out of thin air.. then make us pay it back with interest, then they spend that money for absolutely useless things.. hmm, I can tell you now that it’s only going to get worse. Wake up
You voted for the Blackface. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Just trying to recoup the losses Ridiculous
ALL BECAUSE WE KEEP GIFTING UKRAINE ALL OUR TAX MONEY!!!
Need to totally wipe out middle class MerryChristmas
My mortgage just about doubled in a year. Thanks Trudeau! Glad we shut down the economy in 2020 and printed all that cash!
They lied to people in 2020 about interest rates. People bought homes, took out loans. This is criminal
All rate hikes do is create bank profits. They will never lower inflation. Government regulation on things like gas is the only way to curb in flatiron which is really just corporate greed
There is another way of countering inflation, “Increased supply” Encourage competition Encourage local producers and manufacturers, Encourage and support farmers Rate increase keeps adding on to prices,
Enjoy more inflation
Sunny Ways 🌞 😎
Groceries or Heat. That is your choice. Enjoy Liberal paradise.
Enough already!
You rubbe people life
What wrong have we done to deserve this 🤦🏽♀️😩
Merry Christmas Canadians!!!
Honestly just declare the damn recession already
Loll shtss bout to fail boyss. But this time nobody is gonna be there to bail us out but to cause a war 🤣🤣
“You’ll own nothing and you’ll be happy”
Because this strategy is working.
Great. Let’s help those poor struggling banks get more interest money. Their profits seem low these days.
Want to guarantee a recession ?
They need to stop wasting money to fund wars. It goes inverse if people are having to bear heat for government decisions
They wanted liberals they pay
Insane
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