Bank of Canada holds key interest rate at 5.0 per cent, but leaves door open for future hikes
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Bank of Canada recklessly raise interest rates, doubling everyone's mortgage, car payments and loan payments. Then people need raises to keep afloat, then Bank of Canada blames raises for inflation. JFC.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Raising rates only hurts the working class… does not affect the people with money. Logic!
❤️Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
It’s coming, a free fall to oblivion.
Interest rate of 5 percent is nothing compared what they already enjoyed buying and selling properties for nearly 10 years of low rates. The only issue with a bit fair low rate of 5 percent are those property hoarders whose waiting for buyers. Why Mr. Jagmeet Singh is very vocal and trying hard to defend his country men who invested heavily (not their own money but Canadian bank money) in housing market. Mr. Jagmeet Singh you are in a capitalism society this is how it works, got it. Consider yourself a gambler in the casino, the house always win, I may explain it right. So if your new in this capitalism society then prepare to ..l…s. Now, the bank of Canada pause the rate it's time to get back the game "sold over asking price". Let's party let's drain the cash register.
Go buy a Volkswagen Wagon EV!
13 billion dollars of our tax payers money and no one can afford a bike little lone a electric vehicle!!
It is still a total crime at 5%!
So much for the Liberals!! They control everything but they needed the hiked rate to survive their spending!!
More smoke and mirrors!
Such idiots taking advantage of all Canadian citizens that are in dire need of government support!
As usual B of C isn't interested in controlling inflation or they would have increased the rate again. Nothing has gone down and it will continue to rise except interest rates.
Its a trap lol
they should increase it a few more times, I can still afford bread. I can't afford to put anything in it, but when I can no longer afford the loaf we'll have met our target.
Next time around Half percent, that's because of the complaints by the politicians. They should have raised the rates more. And the life cycle of most of the world's currencies raising interest rates will not save the currency, they will continue to print in the west and the absence of economic productivity, and inflation for housing and food will rapidly go up. We are we are at the end of the currency, this goes for United States Canada pp and many other countries. So you might want to divest from the dying currency
MOST rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them..
so sad. we have stupid people making big decisions. someone should put a stop to this nonsense interest rate hikes. there has to be another way to lower the inflation.
pretty simple all bank of canada employees take a 50 percent cut , all federal and provincial MPs
Cut the government wages and inflation goes down!!
So nice of the BOC. I'll have plenty of time to think about it when they don't allow me to work because of new lockdowns. They'll get my house in the name of my health.
Is that what this puppet did?
Ok, congratulations to all the buyers and sellers the Bidding war 3.0 just started !
Canada sucks. Our Government has screwed us in every way imaginable. Our economy and our market is a joke. Good job Trudeau.