AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Interest sweep bank accounts11/13/2023 ![]() ![]() "It's time for Justin Trudeau, whose government sets the mandate for the Bank of Canada, to clearly give the message that policies that hurt workers and hurt families are wrong," said NDP Leader Jagmeet Singh during a caucus retreat Wednesday morning in Ottawa.ĬBC News followed up with the NDP to ask what Singh meant by that. The moment the interest rate decision was announced, political pressure shifted from the Bank of Canada to the federal government. "However, the elevated interest rates being used to bring down inflation are weighing heavily on Canadians." Political pressure turns to feds ![]() "Inflation has fallen from a peak of 8.1 per cent in June 2022 to 3.3 per cent in July of this year," said Freeland. The central bank has raised the rate 10 times over the past 18 months. "That means it's really incumbent on me to support the independence of the Bank of Canada." "I'm going to speak for myself. I have a very specific job and a very specific role. She said her priority is to ensure interest rates come down 'as soon as possible.'Īt a news conference later in the day, Freeland was asked whether it was appropriate for politicians to be seen attempting to influence the Bank of Canada's decisions. Duration 1:13 Finance Minister Chrystia Freeland commented on news that the Bank of Canada would hold interest rates at 5 per cent. ![]()
0 Comments
Read More
Leave a Reply. |