Bank of Canada maintains policy rate, continues quantitative tightening
www.bankofcanada.ca
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
  • spacecowboy
    141·
    10 months ago

    Meanwhile, large numbers of Canadians are going to be unable to afford their homes going forward.

    • Avid Amoeba@lemmy.ca
      161·
      10 months ago

      That’s the point. We’re adjusting the market by getting some people to lose their shirts. Mainly homes and jobs.