To stop inflation making things more expensive, Bank of Canada going to make different things more expensive6 HOURS AGO by JACOB PACEY ( @PACEYJACOB ) The Beaverton Photo Credit
OTTAWA – To help combat record-high inflation and bring some relief to financially squeezed Canadians, The Bank of Canada announced Wednesday that they would hike the key interest rate for the third time this year, making entirely different things more expensive instead.
“We know that across the country Canadians are struggling with the rising cost of things like groceries, gas, and other daily necessities due to record high-inflation,” said Bank of Canada Governor Tiff Macklem. “That’s why we’re taking aggressive action to raise the key interest…
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