“No grasp on reality“: Bank of Canada hikes interest rate to %

After a brief pause, the Bank of Canada has again raised its key interest rate— this time to per cent— making the prospect of buying a home further out of reach for renters. While many economists were not expecting the move, some now say further increases might be coming later this summer. As Mike Drolet explains, both the central bank and the federal government are being blasted for being out of touch with Canadians. For more info, please go to Subscribe to Global News Channel HERE: Like Global News on Facebook HERE: Follow Global News on Twitter HERE: Follow Global News on Instagram HERE: #GlobalNews