Bank of Canada raises policy rate 25 basis points, continues quantitative tightening bit.ly/3O9R5LD #economy #cdnecon
@bankofcanada I hope this is the last increase for a long while. Give the market time to adjust and the increase to filter down. Household debt is pushing some people to breaking point.
@bankofcanada You are killing us! How am I supposed to pay my mortgage now? How am I supposed to afford anything? I’m going to need to sell, probably to a foreign investor that’s going to keep churning the wheel and I’m going to need to find a place to rent for the same price as a mortgage
@bankofcanada How about you wait for the effect of the previous hikes to show up? You're just asking for a drastic crash as opposed to a slowdown. When people renew their fixed mortgages at the new rate there will be chaos.
@bankofcanada Keep the raises coming. The housing market bubble is the source of the problem. People need to stop thinking of property as a better investment vehicle than real businesses that are productive. This is the only way our GDP/capital will improve.
@bankofcanada Inflation at 4% and rates at 5% 🙄 never discounted this amateurism from BoC!!
@bankofcanada The high rates are not fixing the inflation.. we are at 7% rate and gas prices still up , groceries up ⬆️ .. nothing changed since last 2 years. Increasing the interest rate are making people sufferr more .
@bankofcanada 1/ You pumped the market with low interest rate debt and now you want to burst the bubble at any price. But the problem, is that this is not the way to fix things!! You are an opd school entity working with stuff that have been taught to you and have never questioned that!!!!