The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent. It’s the first hike since July 2023. The central bank wants to control inflation by reducing the risk that high fuel prices could spill over and seep into the overall economy.

OTTAWA — OTTAWA - The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent. It’s the first hike since July 2023. The central bank wants to control inflation by reducing the risk that high fuel prices could spill over and seep into the overall economy.

  • DeadEndLink@lemmy.ca
    11·
    6 days ago

    Almost any European, Asian, African or South American country, this would fuel a surge in left wing interest, left wing ideology, revolutionary thinking.

    Here in the United States of Canada, we think that blowing billions on foreign military contracts, foreign owned pollution pipelines and taxpayer subsidized foreign owned data centers, untouchable property acquisition corps are great!

    Keep cranking up the inflation, spending and interest rates!

    Elbow’s up!!!

    • potatomuncher@lemmy.ca
      61·
      6 days ago

      Our left wing fucking suck.

      This Avi guy might turn things around. Who knows.

      Left-wing isn’t getting votes just because they claim to be left wing.

        • potatomuncher@lemmy.ca
          2·
          6 days ago

          Yea, him.

          It’s a “maybe”, not a confident claim.

          I’d be an NDP partisan fanboy if I believed he’s our messiah.

    • quanin@lemmy.caOP
      21·
      6 days ago

      I mean… the ECB already raised at least once this year (September), and it’s looking like there could be a second in December. Where’s the revolution?