The Bank of Canada has raised interest rates seven consecutive times since March in the face of decades-high inflation.Given there is a delay between hikes and their effects on spending, the Bank of Canada is expected to monitor how the economy evolves in the coming months.
The central bank will also publish its quarterly monetary policy report today, which will offer updated projections for economic growth and inflation.
The problem is that these kind of decisions are made by rich business owners masquerading as politicians; they only care about profit & care nil about the people's well being. :(
The great reset! You WILL own nothing!
I see comments, the rich getting richer, recovery, stealing, TTC incidents, useless taxes, sending money overseas, due to this increase - all are true.
This is the only option a bank has but there are many negative aspects towards inflation. Increase supply lowers the cost of goods and get rid of the Carbon tax. Moreover, stop Trudeau and Freeland from continued spending.
This is crazy not sure how people are going to be able to afford living with all these interest hikes. It's really sad honestly
Esau the end of the world and Jacob the beginning there off. This world is F
People living separate and living with parents how they gonna survive from 1400 $ to 1945 $ Mortgage working 7 days what else can we do ?
More money for Ukraine 🤡🤡🤡🤡 Tax and spend. Tax and spend.
Keep raising. Pretty soon the average person is just going to start stealing why they need. If they aren’t already. Who’s going to stop all that crime? Nobody!
Are they trying to increase inflation on purpose? Just stop it!!! bankofcanada
A minimum of 0.50% hike is needed today. Let's hope for that.
How much should they hike today?
Good! I have zero debt and a stockpile of cash. I want interest rates to keep going up and up and up!
I wonder who's benefiting from these interest rate hikes. It hasn't brought the inflation under control. But they just keep pushing it as if that's all they can do. Meanwhile, major retailers have a heyday with price gouging and banks benefiting. One wonders who they work for...
Bank of Canada…. destroying the economy one increase at a time.
All of you cheering this for housing, expect a nice rental price increase to follow along with it. Who do you think costs are being passed down to?
And the wages are the same, while mortgage payments are going up. How many people can afford a normal life now?!
How to create a new layer of poor working class people. I love how one of the items driving inflation is the cost of housing. I wonder if it has anything to do with the mortgage interest payments?
Greedy
But atkeast ukraine gets some free tanks taxpayers paid for to fight a war we go no business in
What the actual fuck
Banks are choking hardworking Canadian and government doesn’t care
You can thank a Trudeau for that. His father did the same thing hundreds of thousands of Canadians lost everything. Things are going to get a lot worse. If you know a liberal you can thank them. They won't hear you though. They will blame anything but their savior.
FML
Bankrupt home buyers - yesssss
Unbelievable and pathetic
Why aren't people getting upset about this bullshit like they did with wearing fucking masks Where's the bloody outrage?!? *Crickets* And the rich get richer while we all run around stealing from our neighbours and stabbing each other on the TTC Fucking ridiculous.
No coverage on Hamilton? JT must pay you well
Trudeau won't be happy till no one in Toronto can afford a home, hm?
To give more to Ukraine
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