The Bank of Canada raised its key interest rate for the first time since July 2023 Wednesday to tamp down inflation, a hike Ontario Premier Doug Ford panned as “a massive mistake.”
“Higher rates won’t get oil moving through the Strait of Hormuz or lower tariffs on Canadian businesses. They will only make life more expensive for Canadian families and workers, punishing them for something they can’t control,” Ford wrote in a tweet before the announcement was made this morning.
When I’m looking for expert opinion on matters related to economics, I turn to Doug Ford.
/s
Who paid him to say this?
All these rich pricks like Ford and Trump bitch when they lose money, regardless of whether the cause is good for the country or the people within. Nothing new here except the good news that things can still happen that go against those in power.