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Canada has one of the lowest inflation rates in the G7. Does the Bank of Canada really need to push rates higher? (www.thestar.com)
submitted 1 year ago by sendingmath@kbin.social to c/canada@lemmy.ca
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Some fear Bank of Canada Gov. Tiff Macklem is poised to raise rates again in July in a bid to drive inflation down to its target. ‘It’s two per cent or bust,’ says one economist.

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[-] Kelsenellenelvial@lemmy.ca 1 points 1 year ago

That’s fair, but it’s not the whole story. Fact is things were more affordable then, particularly for people in entry-level type jobs making near minimum wage. Look at things like median wage vs median cost of housing, and you see a very different storey, even with high interest rates.

this post was submitted on 01 Jul 2023
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