Conservative Leader Pierre Poilievre said the cost of government is driving up the cost of living for Canadians, after the Bank of Canada announced today another interest rate hike, bringing its key rate up to 4.5 percent.
“Sucker punch. That’s what the government hit Canadians with today by increasing interest rates after Trudeau and his government promised rates would stay low for long,” Poilievre said in a press conference on Jan. 25.
“They said the rates will stay low so Canadians took on hundreds of thousands of dollars of debt. And now suddenly, rates have risen by over four percentage points in a single year.”…