Bank of Canada raises key interest rate for eighth time, to 4.5 per cent. What you need to know

The Bank of Canada raised its key overnight lending rate for the eighth straight time Wednesday morning, but signalled its rate-hiking campaign could finally be over.

Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision and the release of the Monetary Policy Report. / Le gouverneur Tiff Macklem et la première sous-gouverneure Carolyn Rogers répondent aux questions des journalistes sur la décision relative au taux directeur et le Rapport sur la politique monétaire.

The overnight rate 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, as the global COVID-19 pandemic was declared.

did you know there are crypto coins that give you 4.5% on your coins? this is much higher than any bank will give you!

Over? Wouldn’t bank on it.

WHY.... INFLATION IS ALREADY GOING DOWN, NO NEED FOR THIS HIKE.

Nothing is last forever Sooner or later expired Microbes of Salmonella Interes rate will decline... 😆🤣

Nothing is last forever Sooner or later expired Microbes of Salmonella Interes rate declined... 😆🤣

Glad I am on Fixed and have some time for it to hopefully come down… but man some of my coworkers are really hurting right now that are on Variable

F**king disgusting….!! Payments gone from $300 to $1,200 a month and that’s just interest NOTHING off principal as can’t afford it! JustinTrudeau

US:

YOU ARE ALL SPENDING BEYOND YOUR MEANS AND YOU KNOW IT!!!

Fire him. A country is only as strong as its currency. Our current monetary system is broken. The gatekeepers have miscalculated badly. Fire them. Every last one. It's time to anchor our currency. And Trudeau must be removed from office to accomplish this.

At the rate Trudeau is still printing money, this will do absolutely nothing.

Good! More income generated for me.😀😀😀

Tiff is waging class warfare. Stop this man.

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