📈 The Bank of Canada raised its key interest rate from 2.25% to 2.50%. Its first hike in 3 years! 🔥 Inflation fears are growing, and further rate increases may be needed. 🏠 Mortgage costs could rise 💳 Borrowing may get more expensive 📉 Markets could feel the impact 💬 What do you think? Is this the right move to fight inflation? 👇🇨🇦
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10 Comments
Martin McClellan
@star87 · 4d
Higher interest rates on our cash on Wealthsimple 😏
Catherine
@ffcatherine · 4d
Nope. Increasing rates WILL NOT lower the cost of gas ⛽️
Eric
@rykybiker · 4d
Without energy, the inflation is in target.. the inflation is link to an offering issue and not a fast growing economy.. it's not the right move.. They did it just to reduce the gap between USD and CAD ..
Kyle T@kyletfreedom58 · 4d
Hoping the midterms will give the world a breather and a few trade deals to get the economy and supplies moving again
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