Bottom line: Overall, The data shows that interest rate hikes are now increasing inflation, not decreasing it The data shows that interest rate hikes are now increasing inflation, not decreasing it After nearly a year of interest rate hikes designed to fight inflation, rents in Canada are going up, and food costs remain stubbornly high.
Bank of Canada’s Interest Rate Strategy is Failing Canadians
Bottom line: Overall, The data shows that interest rate hikes are now increasing inflation, not decreasing it The data shows that interest rate hikes are now increasing inflation, not decreasing it After nearly a year of interest rate hikes designed to fight inflation, rents in Canada are going up, and food costs remain stubbornly high.