Interest rate hikes pushed a B C couple s mortgage up $2,700 a month cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
Many economists say the Bank of Canada's decision this week to increase its key interest rate yet again was a mistake. But the bank is using the only tools it has. Why aren't other policy-makers using the tools they have to fight inflation?
Two per cent has been the goal of monetary policy for decades. It might be the aberration of an era, not the norm for all time, Armine Yalnizyan writes.