“There are a lot of Canadians who are anxious right now and who will be concerned when they see this step taken by the Bank of Canada,” Freeland told reporters outside the Ottawa legislature.
“Having a good job is the key to the wellbeing of every single Canadian and their family. It’s the key to being able to pay your rent or your mortgage,” Freeland said. The move was expected by only about one in five analysts in a Bloomberg survey. It was prompted by evidence of an overheating economy, including stronger-than-expected first quarter output growth, an uptick in inflation and a rebound in housing-market activity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Disaster for the many Canadians barely hanging on': Politicians weigh in on Bank of Canada rate hikeFinance minister Chrystia Freeland tries to reassure \u0027anxious\u0027 Canadians after Bank of Canada resumed raising interest rates. Read more
Source: nationalpost - 🏆 10. / 80 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: VancouverSun - 🏆 49. / 61 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: nationalpost - 🏆 10. / 80 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: calgaryherald - 🏆 64. / 52 Read more »
High Mortgage Rates Delaying Canadians' Decision To Buy, Sell HomesOwning property remains a top goal for a strong majority of non-homeowners, though many are concerned about how to contend with inflation and rising rates. realestate realestatenews homeownership inflation
Source: storeyspub - 🏆 16. / 74 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: OttawaCitizen - 🏆 21. / 68 Read more »