Evening Update: Bank of Canada boosts interest rate by quarter-point, signals pause to further increases

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Also in the news today, the U.S. and Germany to send more than 100 tanks to Ukraine, but no commitment yet from Canada

The latest on the war in Ukraine: U.S., Germany sending tanksto a plan to send dozens of tanks to Ukraine as the country prepares for an expected increase in Russian attacks this spring and to launch a counteroffensive of its own. Canada is mulling contributing four or five Leopard 2 tanks as part of the plan, according to a senior government official, but has not yet made a decision.

The move is an about-face for the U.S. and Germany, which had for months deflected Ukrainian requests for the equipment. The premiers have asked for the federal government to dramatically increase its share of health care costs to 35 per cent from 22 per cent. Health systems across the country are buckling under the strain of staff shortages, surgery backlogs and clogged emergency rooms.

 

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Bank of Canada delivers quarter-point rate hike, says further increases likely on holdThe announcement, which had been widely expected by markets, brings the central bank’s policy rate to 4.5%; central bank says it ‘expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases’ Enough. They are killing us. Who does it really affect? The rich? Nope!! The rest of us. When the US FederalReserve increases interestrates, other central banks are forced to follow suit. A rate hike increases cost for ordinary people (Mortgages creditcard , etc.) However, it prevents the devaluation of currency against US dollar and reduces import cost. What the Hell is going on ? They keep raising interest rates and INFLATION IS STILL CLIMBING. THE BANK OF CANADA IS RUN BY CON MEN AND CROOKS 🤮🤮🤮🤮
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdOTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the…
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdOTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the… Crooks FIAT currency bank.... wow *hire a journalist just one might help centerwing Millennials radiofreecanada Do they get a raise every time they hike up the interest rates? 😂
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdIndependent and employee owned - local news stories, weather, sports, events and more
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