Ontario Premier Doug Ford asks Bank of Canada, Prime Minister to pause interest rate increases

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For the second time in as many months, Ontario Premier Doug Ford is calling on the Bank of Canada to pause any further interest rate increases, saying millions of Canadians are 'struggling to make ends meet.'

in as many months, Ontario Premier Doug Ford is calling on the Bank of Canada to pause any further interest rate increases, saying millions of Canadians are “struggling to make ends meet.”

To that end, and in a separate letter addressed to Prime Minister Justin Trudeau on Sunday, Ford called on Ottawa to "address the root causes of inflation" and “bolster and strengthen” domestic supply chains, which he said have shown “vulnerabilities” due to the COVID-19 pandemic, Russia’s invasion of Ukraine, and the developing violence in the Middle East.

Ahead of this week’s decision on interest rates, I’ve written to the Governor of the Bank of Canada to again express my opposition to any further rate hikes. Higher interest rates are hurting people and businesses that are already struggling to pay their bills.

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