TORONTO – The increase of one sharp point in the interest rate, decided by the Bank of Canada in recent days, proves to be a torpedo that risks sinking the real estate market, as was foreseeable. →
OTTAWA – Here we go again. The Bank of Canada will raise its benchmark interest rate by 0.75% on Wednesday: a new increase, therefore, after the 0.50% increase on June 1, when the rate was raised to 1.50. %. From Wednesday, it will be at 2.25%. The reason, as always, is that of the “fight against inflation” which in recent weeks has reached its highest level in almost 40 years: 7.7 per cent.
In a report released on June 15, the Ethics Commissioner Mario Dion says MP Yasmin Ratansi (in the pic) has violated the Conflict of Interest Act while she was a member of the Liberal caucus by employing her foster sister in her constituency office for years. →
