More Bank of Canada interest rate hikes risk weakening our economy and potentially inducing massive job losses, says Bea Bruske. Read on.
The Bank of Canada, led by governor Tiff Macklem, has already raised interest rates faster than almost any other country. These hikes have left millions of Canadians facing eye-popping rises in credit payments. Combined, Canadians now owe $2.29 trillion in credit, according to TransUnion LLC’s Q3 2022 Credit Industry Insights Report.
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Looming Bank of Canada increase expected to push rates near peakExpectations are that Bank of Canada head Tiff Macklem will raise interest rates once more this week, bringing the bank’s benchmark rate to 4 per cent for the first time since early 2008
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Forecasters split on how high Bank of Canada will push next rate hikeExpectations are that Bank of Canada head Tiff Macklem will raise interest rates once more this week, bringing the bank’s benchmark rate to 4 per cent for the first time since early 2008
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Lake Louise still a possible site for future men's downhills, says Alpine Canada CEOLake Louise Ski Resort is the 'lead option' to continue hosting men's World Cup downhills if changes to race operations are made, says Alpine Canada's chief executive officer.
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Parkland to double size of announced EV charging network in western CanadaParkland Corp. of Calgary says it’s received financial support from the federal and B.C. governments to build a network of electric-vehicle (EV) charging stations.
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Road to Recovery: Ocean Networks Canada-led Solid Carbon Project and the blue economyAn international team of researchers, including the team at Ocean Networks Canada, is aiming to turn CO2 into rock on the ocean floor.
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Vital People: Helmet Head Canada toy drives spread joyIn fuzzy Muppet helmets, Helmet Head riders collect 1,000+ toys for sick kids on Vancouver Island. Tess van Straaten reports.
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