Ontario Premier Doug Ford asks Bank of Canada to halt rate hikes

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Ontario Premier Doug Ford asks Bank of Canada to halt rate hikes
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Ford is the second premier to make a direct appeal to BoC after British Columbia Premier David Eby sent a similar letter last Thursday

Another provincial premier is making a direct appeal to the Bank of Canada to stop raising interest rates.

He becomes the second premier to voice objections to further hikes after British Columbia Premier David Eby sent a similar letter to Macklem last Thursday. Ford’s letter urges Macklem to “consider the effect higher interest rates are having on everyday people” before the bank announces its next interest rate decision on Wednesday.

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