Source: Loan Digest (loandigest.net)
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Bank of Canada raising key interest rate to 0.5 per centThe Bank of Canada is increasing its trendsetting interest rate for the first time in more than three years, raising it from 0.25 per cent to 0.5 per cent. Strong household spending? By who? I spend more but only because shit costs more. Is their logic to bankrupt people because the rich are too rich and want to be more rich? Who benefits from higher interest rates? The rich. It's not inflation. It's Gouging.
Source: CTVNews - 🏆 1. / 99 Read more »
Bank of Canada hikes interest rate to 0.5% | CBC NewsBank of Canada hikes interest rates by 0.25% to 0.5%. Marks first increase since October 2018, and the first change since the pandemic began in March 2020, when the Bank slashed rates from 1.75%. Bank says in near term, inflation expected to stay elevated. About a year late. Thread on depreciating currencies
Source: CBCAlerts - 🏆 37. / 63 Read more »
Coronavirus Update: Canadian economy grew through Omicron wave, boosting chance of rate hike WednesdayMarch 1: The Canadian economy beat analyst expectations, increasing the likelihood that the Bank of Canada will raise interest rates on Wednesday for the first time since 2018 a quarter point regardless
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Canada raises interest rate: Read the official statementRaises rate 25 basis points to 0.50 per cent Like she just fucked half of Canadians out of getting a home
Source: nationalpost - 🏆 10. / 80 Read more »
Live updates: Bank of Canada set to unveil interest rate announcementThe Bank of Canada is poised to raise its benchmark interest rate on Wednesday for the first time since 2018. The announcement is set for 10 a.m. ET
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Bank of Canada readies interest rate announcementThe Bank of Canada is poised this morning to raise its trendsetting interest rate after signalling the move a few weeks ago when it said it would no longer promise to keep the rate at emergency levels.
Source: CTVNews - 🏆 1. / 99 Read more »