The poll also found that nearly seven in 10 Canadians (69 per cent) would rather live with high interest rates than a high rate of inflation From alicjawithaj
A majority of Canadians say they are feeling the effects of the Bank of Canada's aggressive interest rate hikes. A majority of Canadians say they are feeling the effects of the Bank of Canada's aggressive interest rate hikes, according to aThe survey of 1,521 Canadians found that 57 per cent of respondents say they are personally feeling the impact of rising interest rates, with 39 per cent saying that ever-higher rates are causing some anxiety over the impact on their finances.
, issuing five consecutive hikes, four of them outsized. Since March, the central bank's key rate has gone from 0.25 per cent to 3.25 per cent, the highest level since April 2008 when the Bank of Canada was slashing rates in the midst of the Global Financial Crisis. "The ultimate impact may be viewed as a consequence to people for over-leveraging or indebtedness and undue risk, but it's fair to say that while many have naturally predicted a rise in rates, few thought it would be so jarringly fast.". In a speech made earlier this month in Halifax, Bank of Canada Governor Tiff Macklem said spending needs to be slowed in the economy so supply can catch up with demand.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GARRIOCH: The new-look Ottawa Senators will try to challenge for playoff spotHeading into his sixth season, alternate captain Thomas Chabot wants badly to see this team play meaningful games in March and April.
Read more »
London, Ont. police urged to reopen probe into alleged sex assault by two hockey playersTSN on Thursday reported the woman’s allegations about the incidents in March 2018
Read more »
Police looking for suspect in relation to northeast Calgary arson incident - Calgary | Globalnews.caAccording to the Calgary Police Service, a fire broke out in a vehicle in the parking lot of the Courtyard Marriott hotel near the Calgary International Airport on March 2.
Read more »
Unionized CRD workers vote in favour of job actionBargaining between the union and the Greater Victoria Labour Relations Association, representing the CRD, began in March and stalled last month, although two days of mediation are scheduled for early November
Read more »
Opinion: Why I resigned from the federal expert panel on medical assistance in dyingI worry about the lack of safeguards for Canadians when, in March, medical assistance in dying becomes legal for people whose sole underlying medical condition is a mental-health disorder
Read more »
Proud German Bernd Kiesewetter wouldn’t touch craft beer and saw 12 World Cup tournamentsBernd Friedrich Kiesewetter: Meticulous. Father. Husband. Fan. Born Nov. 19, 1941, in Rudolstadt, Germany; died March 20, 2022, in Edmonton, with medical assistance in dying; aged 80
Read more »