Will the Bank of Canada's interest rate hike of 50 basis points help level out inflation? BNN Bloomberg's Kumutha Ramanathan explains.
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Someone has to pay the price of government unnecessary spending and low rates for too long
Still unemployment is very low and is a great sign the rate has to go higher, similarly the inflation and buyers spending
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No, this will break a lot of Canadian families.
If that happens, hopefully they will have the sense to blame the ones responsible: all the members of the Liberal-NDP federal government.
Incompetence level is extreme, and they don’t blame themselves.
20% interest rates? 1981 called and said it’s entirely possible.
I was in New Zealand in 1987. Over 30%.
Nope…… The bank wants all your money. That is the take away for the rate increase. Hope? The road forward is another 3 more percent increase next year ……