Tag : interest rates

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Bank of Canada’s continuous rate hike is not slowing down inflation

November 17, 2022
Bruske: It’s time to address the true causes of current inflation, protect Canadians against its effects, and safeguard jobs and incomes. OTTAWA –– Canada’s inflation rate held at 6.9 per cent in October, despite the Bank of Canada’s aggressive interest rate increases, while workers across Canada continue to see their cost of living rise.  “To have the Bank of Canada…
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Bank of Canada determined to push the economy into a recession, no matter the impact on Canadians

October 25, 2022
Bruske: Workers cannot keep paying the price the Bank of Canada is imposing. A recession would mean thousands of Canadians thrown out of work and downward pressure on wages. OTTAWA –– Today’s decision by the Bank of Canada to further raise interest rates will have devastating effects on the working people who drive our economy.  “With corporate profits at an all-time…
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Conservatives pushing the same playbook on inflation instead of helping families

November 17, 2021
OTTAWA – With family budgets stretched thin, now is not the time to raise interest rates or cut vital government investments in things like affordable housing, child care and bringing down the cost of medicine, according to Bea Bruske, President of the Canadian Labour Congress. “Conservatives keep pushing the same playbook, time and time again. You can’t solve today’s crisis…
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