OTTAWA Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt rate hikes ahead of its next rate decision Wednesday.
Ontario Premier Doug Ford sent a letter saying families and businesses cannot afford the ‘crushing impact of further rate hikes,’ echoing a letter B.C. Premier David Eby sent on Thursday
The Bank is set to make its next interest rate decision Wednesday and is widely expected to hold steady as the economy begins to buckle under the weight of higher interest rates.
Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt rate hikes ahead of its next rate decision Wednesday.