Bank of Canada Gov. Tiff Macklem says the 1 per cent rate hike reflects 'very unusual circumstances' but needed to be done to restore price stability and before inflation becomes entrenched.
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Finally ! Thank goodness for Macklem’s ‘common sense’ guidance at the helm of the BoC…. long overdue !
yup… but, does it matter if Freeland is on her phone instead of listening?
Great job liberals
I don’t support the Liberals but inflation is growing rapidly all over the world. How are the liberals to blame?
They said expect low interest for a very long time.
The problem is overpaid government executives and executives in corporations. 50 % cut or disaster.
They couldn’t even spell aggressive correctly…
Recession and Depression …. And well deserved for the right choice…
get the liberals out of power
Then what cuts cuts and where do you wants the cut health care roads where
“We cannot let that happen”….but you did. You did let that happen. Interest rates should have been raised a long time ago
Got silver guys? It’s the best thing to protect you from inflation, and it’s on a fire sale. Buy it while there is silver to buy.
Yes, but unfortunately the government still is spending excessively which will only keep up the inflation pressure.
@Derek Senior What worries me though is why hasn’t it been going up with inflation already though, no?
We’re all going to go broke.
Variable mortgage holders are screwed!!
Should have done it 5 years ago…
Wasn’t the other Trutard in charge when this happened 40 years ago?
It doesn’t matter if the government keeps spending money and not creating jobs and creating more debt
How about stop spending money we don’t have?
Whiffed on the glove side again Gov. Tiff !
Pierre Poilievre was right about you and the BOC
Let’s go Tiff! Don’t back down.
I wonder if these rate hikes increase our country’s deficits increase canadas payment to
Keep raising those rates!! I just got a GIC for 4.7 percent. Love it. You whiners out there should have listened when they warned you for yeats that rates would have to go up eventually.