The Bank of Canada’s obsession with interest rate hikes is hurting households: How did we get here and what are the alternatives?
Jun 7, 2023
The Bank of Canada’s June decision to raise its overnight, or policy, interest rate to 4.75% is predicated on cooling an overly strong economy afflicted by stubbornly high inflation. Yet, it’s not at all clear that the Bank’s narrative makes sense and, in one major category, housing, higher interest rates will make inflation worse by… View Article