'Disaster for the many Canadians barely hanging on': Politicians weigh in on Bank of Canada rate hike

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“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.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“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.on Wednesday by 25 basis points to 4.75 per cent — the highest since 2001.Article content 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

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