Mortgage Rates & Mortgage Broker News in Canada |
| Higher Interest Rates Needed to Tame Demand, Control Inflation: Macklem Posted: 04 Mar 2022 01:33 PM PST Bank of Canada Governor Tiff Macklem reaffirmed that controlling inflation is the central bank’s “number one job.” That’s why, on the heels of the country’s highest inflation reading in 30 years, the Bank of Canada will move ahead with further interest rate hikes, which Macklem said is the Bank’s primary tool to lower demand and manage inflation. “The economy is now in a place where moving to a more normal setting for interest rates is appropriate. The economy can handle […] |
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