The Bank of Canada raises the key interest rate another 50 basis points to get a stranglehold on soaring inflation rates.
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No problem
Lol wau
Yes!
When you print billions & double our federal debt you get this. Remember to thank a liberal voter.
What would they conservatives have done?
@Mike Coffin No idea. Do you have access to an alternate universe? Because I don’t.
@Mike Coffin They’ll be there to clean up the mess just like last time. It’s a cycle.
house prices go to high, I move down south live under bush house, food of the land and resources come from same one land… no effect on my life, its your loss. will never stand by you, freeze again another time.
Too late + too low
All eyes are on the Canadian housing market now. Variable rate mortgage holders are feeling the pressure.
Its about time!
I wonder if they could do regional rates. Like say slap Vancouver and Toronto with a rate somewhere from 5 to 8%?
No, they cannot do regional rates.
@instricallysafe That’s dumb. What are they afraid of, discrimination against Quebec? They should have been able to do it for Fort MacMurray, Alberta. It might have saved the value of some of those homes when companies started pulling out of the tar sands a couple years ago.
The sooner we can get to 10+% rates, the sooner the population of South Ontario, Ottawa, Montreal, Vancouver, and the Maritime provinces can start sharing in the pain that comes from not-so-Liberal policies.
I want rate to be at 10%
Crash landing… get ready ppl we are gunna feel it hard.
Glad I got a fixed 10 year mortgage
Is there any evidence that raising the interest rate can counter or prevent inflation?
20% please.
2019 Great Recession? This mans lost
*”The best time to plant a tree was 20 years ago and the next best time is now”* I consider this to be best motivational quote I’ve heard in a very long time. But motivational quotes are useless if you don’t practice what you preach*