Bank of Canada's rapid rate hikes likely to cause a recession, study finds - BNN Bloomberg

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Bank of Canada's rapid rate hikes likely to cause a recession, study finds - BNN Bloomberg
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The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, a new study from the Canadian Centre for Policy Alternatives (CCPA) says.

Attending lots of weddings this year? Here's how to budgetHome Economics: How to bring down your hydro bill; Job vacancies a plentyConsidering tenant insurance? Here's what you need to know firstHousing woes, higher rates present big challenges for divorcing couplesUsage-based insurance can help lower rates.

Is it right for you?Home Economics: Preparing for a potential recession; Pitfalls of banking on your home for retirementInterest in mortgages from alternative lenders up as rates rise: BrokersDriver's ed startup takes digital-first approach, aims to lower feesAlmost half of Gen Z and millennials living paycheque-to-paycheque, survey findsHome Economics: Homeowners struggle with rising costs, mutual fund investors sell...

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