Bank of Canada raises highest key interest rate since 2008

Economist Sheila Block explains what the Bank of Canada’s interest rate hike to 4.25 per cent could mean for Canadians in 2023.

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28 comments

  1. Everyone that borrows deserved all of this from happening. Buying too much house. Buying too much car. Buying too much useless crap. I’m so happy that I save everything. Just waiting for the stock market too plummet and cash in.

    1. Anyone who got an adjustable loan for a house I feel bad for right now. Always get a loan thats fixed because you are gambling that the rate stays low and while that time you want to pay more

    2. The bank of Canada and the liberal government are responsible for excessive spending and over printing of money

  2. She needs to understand that higher rates helps boost the CAD$ resulting in cheaper imports. Even if the factors are external, higher CAD will help.

  3. When I was a kid in the 70’s interest was easily in the double digits…we were poor and we survived…I guess you shouldn’t have bought a million dollar house car and clothes with no cash

  4. Seems our PM is more interested in RCMP equipment contracts than he is with the fact that Canadians are struggling to put food on the table and secure loans

    1. Yeah right, that’s what the Banks want you to believe , I suspect prices won’t go down despite he higher interest rates

  5. Notwithstanding the financial instability all over the world, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days…

    1. Quite impressive but HOW!!?😊 I know it’s possible, my colleague at work always get 40K every week, I would appreciate if you show me how to go about it.

  6. Gone GREEN JUST keeps giving don’t it! Lah Lah Lah and 🌈🌈🍭🍭still running the show eh! More pain huh, big big understatement! Huh!

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