OTTAWA — NDP Leader Jagmeet Singh says the federal government needs to review the mandate of the Bank of Canada to put people first.
Singh's comment today comes as the bank holds its key interest rate steady at five per cent after raising it 10 times since March of last year.
Singh says while interest rates won't rise, they're still higher than they have been in the last 20 years. Bank of Canada rates have taken on more of a political tone as Canadians struggle financially, with the Ontario and British Columbia premiers making direct appeals to the bank in recent days to not increase rates.Finance Minister Chrystia Freeland says the central bank's decision is a"welcome relief for Canadians."
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NDP leader calls for Bank of Canada mandate review as key rate holds steadyOTTAWA — NDP Leader Jagmeet Singh says the federal government needs to review the mandate of the Bank of Canada to put people first.
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NDP leader calls for Bank of Canada mandate review as key rate holds steadyOTTAWA — NDP Leader Jagmeet Singh says the federal government needs to review the mandate of the Bank of Canada to put people first.
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NDP leader calls for Bank of Canada mandate review as key rate holds steadyOTTAWA — NDP Leader Jagmeet Singh says the federal government needs to review the mandate of the Bank of Canada to put people first.
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NDP leader calls for Bank of Canada mandate review as key rate holds steadyOTTAWA — NDP Leader Jagmeet Singh says the federal government needs to review the mandate of the Bank of Canada to put people first.
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Bank of Canada to announce interest rate decision this morningOTTAWA — The Bank of Canada is set to announce its interest rate decision this morning as forecasters widely anticipate the central bank will hold its key lending rate steady. Canada's inflation rate ticked up to 3.3 per cent in July year-over-year, but economists say cracks emerging in the economy will likely sway the central bank against further rate hikes. Statistics Canada reported last week real gross domestic product contracted in the second quarter. Meanwhile, the unemployment rate has be
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Doug Ford calls for end to Bank of Canada interest rate hikesIn a letter sent to the governor of the Bank of Canada, Ontario Premier Doug Ford echoed the words of B.C.'s premier and called on the central bank to halt interest rate increases.
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