Bank of Canada raises its interest rate to 5%
It constantly seems like the BoC and the Government are at odds when it comes to inflation. Government spends, gives out cash to help (grocery rebate program) and the BoC raises rates. I guess the grocery rebate is aimed at lower incomes, and it’s redistribution, but that’s not the only example.<p>The fund and spend, but not too much growth conflict throws me for a loop.