Violence on the TTC + Bank of Canada expected to hike rates again

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The suspect of the streetcar attack, a woman in her 40s, was arrested at the scene and will be charged with aggravated assault, said Duty Insp. Lori Kranenburg.John Di Nino, president of Amalgamated Transit Union Canada, says the problem could, at least in part, be solved by having more police on the TTC. That notion, however, is contended by many transit advocates and health experts who say addressing root causes like housing and mental health crises are what’s necessary to prevent violence.

The Bank of Canada will also release its quarterly analysis on the state of the economy across the country and, for the first time ever, release minutes of the internal debate that led to the final decision, Josh Rubin reports.The Bank raised the overnight lending rate seven times in 2022. It began last year at 0.25 per cent, where it had been since the Bank dropped it three times in one month in March 2020. The most recent increase in December raised the rate to 4.25 per cent.

 

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