The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
Yeah. And it’s having no noticeable effect on inflation … it’s almost like they are turning the wrong dial. The people hurting most with these interest rate rises are those who can least afford it and consequently have least effect on inflation.
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Inflation is killing us in Canada, a make a good salary and I have to check my spending much more than a mere few months ago.
I can’t imagine how a family with a average or slightly sub average salary is able to stay afloat
We are not. living paycheque to paycheque and using food banks
Yeah. And it’s having no noticeable effect on inflation … it’s almost like they are turning the wrong dial. The people hurting most with these interest rate rises are those who can least afford it and consequently have least effect on inflation.