Skip to Main content

19.55°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Oct 23, 2023 6:58 PM - The Canadian Press

Premier Doug Ford writes to Bank of Canada to pause interest rate increase

Share On

premier-doug-ford-writes-to-bank-of-canada-to-pause-interest-rate-increase

In the last 18 months, the Bank of Canada has increased the interest rates 10 times

Ontario Premier Doug Ford has urged the Bank of Canada not to raise interest rates further.

Doug Ford has already written a letter to Tiff Macklem.

Doug Ford wrote a letter to Bank of Canada Governor Tiff Macklem on Sunday saying that millions of people are struggling to make ends meet.

He said that the previous interest rate hikes have put a lot of burden on families and businesses, so interest rates should not be increased further.

It is worth noting that on Wednesday, the Bank of Canada will decide whether to increase interest rates or not, and two days before that, Ford wrote a letter to Macklem.

It is worth noting that in the last 18 months, the Bank of Canada has increased the interest rates 10 times.

Currently, the interest rate is 5%.

Latest news

CanadaSep 09, 2026

Tariff War Could Push Up Prices at Canadian Retail Stores

Canadian shoppers could see higher prices at retail stores as the ongoing tariff war begins to affect newly imported goods. However, retailers say the impact may take some time to reach store shelves as businesses first work through inventory purchased before the latest tariffs came into effect. Matt Poirier of the Retail Council of Canada said products with short shelf lives or those that sell quickly are likely to see price increases first. This could be followed by slower-moving items such as ovens and washing machines as retailers replenish their stock with tariff-affected products. Canad

85-year-old-man-killed-by-stray-bullet-in-burnaby-apartment

85-Year-Old Man Killed by Stray Bullet in Burnaby Apartment

An 85-year-old man was killed after being struck by a stray bullet inside his apartment in Burnaby. According to the Integrated Homicide Investigation Team (IHIT), the body of Chang Yong Cho was found on Aug. 30 inside his apartment in the 7400 block of Kingsway. Police had received reports of a shooting in a nearby block at around 1:30 a.m. Later that day, at approximately 4 p.m., Burnaby RCMP received a call requesting a welfare check at the apartment, where Cho was found dead from a gunshot wound. Investigators said shots were fired during a dispute between a group of young people. One of t

Delta Election: One Delta School Board Candidate Suraj Uppal Withdraws Candidacy

Suraj Uppal, a school board candidate with the One Delta party in the upcoming Delta municipal election, has withdrawn his candidacy. In a statement posted on social media, Uppal said that sometimes stepping back is the best way to move forward and announced that he was leaving the race for school trustee. Uppal did not provide a specific reason for his decision. However, according to local media reports, several posts had appeared on his social media page last week that were described by some local residents as objectionable. It is being speculated that the controversy surrounding those posts

ottawa-alberta-pledge-to-build-1-460-affordable-houses

AlbertaSep 09, 2026

Ottawa, Alberta pledge to build 1,460 affordable houses

The federal government and Alberta are pledging to build at least 1,460 affordable housing units across the province. Ottawa will provide up to $220 million through Build Canada Homes, a federal agency formed to speed up the delivery of the housing, while Alberta will pay up to $165 million. The governments are expecting to receive $238 million from other sources. A news release says the 21 planned housing projects will include supportive and transitional housing. There is a target of building at least 500 homes using modern methods of construction, including off-site and factory-built approac

court-restrains-majithia-khaira-and-retired-justice-ranjit-singh-in-gurpreet-kaur-case

IndiaSep 09, 2026

Court Restrains Majithia, Khaira and Retired Justice Ranjit Singh in Gurpreet Kaur Case

A Chandigarh civil court has temporarily restrained retired Justice Ranjit Singh, Shiromani Akali Dal leader Bikram Singh Majithia and Congress leader Sukhpal Singh Khaira from publishing, circulating or disseminating any allegedly baseless or defamatory material on social media platforms or through any other medium concerning allegations that Punjab Chief Minister’s wife Gurpreet Kaur had demanded a bribe. Civil Judge (Junior Division) Dr. Parikshit passed the interim order on a suit filed by Gurpreet Kaur seeking damages and an injunction. The court has issued notices to the respondents re

Related News

Tariff War Could Push Up Prices at Canadian Retail Stores

Tariff War Could Push Up Prices at Canadian Retail Stores

Canadian shoppers could see higher prices at retail stores as the ongoing tariff war begins to affect newly imported goods. However, retailers say the impact may take some time to reach store shelves as businesses first work through inventory purchased before the latest tariffs came into effect. Matt Poirier of the Retail Council of Canada said products with short shelf lives or those that sell quickly are likely to see price increases first. This could be followed by slower-moving items such as ovens and washing machines as retailers replenish their stock with tariff-affected products. Canad

Carney Government Set to Boost Foreign Investment and Support Canadian Businesses

Carney Government Set to Boost Foreign Investment and Support Canadian Businesses

Prime Minister Mark Carney’s government is preparing to take several steps to attract more foreign investment and support economic growth, with some of the key measures expected to be unveiled in the upcoming fall federal budget. Meanwhile, the Prime Minister has assigned several ministers to actively engage with businesses and help them access available government support. As part of the initiative, Industry Minister Mélanie Joly and Finance Minister François-Philippe Champagne will travel across Canada to meet with business leaders and guide them through the process of applying for gover

Kalwinder Dosanjh Case: Lawyer Questions Fairness of Investigation

Kalwinder Dosanjh Case: Lawyer Questions Fairness of Investigation

The lawyer representing Vancouver police officer Kalwinder Dosanjh has raised questions about the fairness and transparency of the investigation into his client. Dosanjh, who has served with the Vancouver Police Department for 26 years, is also the founder of the Kids Play Foundation, an organization that works to keep young people away from drugs and gang involvement. Following a secret investigation conducted by the Vancouver Police Department for about two and a half years, Dosanjh was charged last week with nine offences, including fraud, theft and breach of trust involving more than $3 mi

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital