"No grasp on reality": Bank of Canada hikes interest rate to 4.75%

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Added 12 months ago by XaniaNews

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After a brief pause, the Bank of Canada has again raised its key interest rate— this time to 4.75 per cent— making the prospect of buying a home further out of reach for renters.

While many economists were not expecting the move, some now say further increases might be coming later this summer.

As Mike Drolet explains, both the central bank and the federal government are being blasted for being out of touch with Canadians.

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Category: News and politics
Tags: global news, interest rate hike, Bank of Canada

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