Skip to Main content

15.01°^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

canadas-federal-budget-set-for-november-5

CanadaOct 20, 2026

Canada’s Federal Budget Set for November 5

Canada’s federal budget will be presented on November 5, Finance Minister François-Philippe Champagne has officially announced. He confirmed the date during Question Period in the House of Commons on Tuesday. The budget will be the second fall budget under Prime Minister Mark Carney’s Liberal government. The announcement comes as Canadian businesses continue to face the impact of U.S. tariffs and Canada’s retaliatory measures. Champagne indicated that the budget would include several measures aimed at strengthening Canada’s economy and making it more independent. He said the budget wo

amit-shah-meets-families-of-three-victims-in-punjab-assures-justice

IndiaOct 20, 2026

Amit Shah Meets Families of Three Victims in Punjab, Assures Justice

Union Home Minister Amit Shah arrived in Punjab today and met the family of anti-drug activist Parvinder Singh Jhota, expressing his condolences and assuring them that justice would be delivered. Jhota was murdered in Mansa while raising his voice against drug abuse.At the beginning of his Punjab visit, Shah met the family of Bikramjit in Gurdaspur. The meeting lasted around 15 minutes. During the meeting, Shah touched the feet of Bikramjit's mother, Surjit Kaur, as a mark of respect and assured the family that a CBI investigation would be conducted.He later met the family of Gulzar, who alleg

poilievre-thanks-albertans-for-voting-to-keep-canada-united

Poilievre Thanks Albertans for Voting to Keep Canada United

Conservative Party Leader Pierre Poilievre thanked Albertans in Calgary today for voting in favour of keeping Alberta part of a united Canada in the provincial referendum. He said the people of Alberta had delivered a strong and decisive mandate. Born in Alberta, Poilievre had campaigned extensively ahead of the referendum, urging residents to keep the province within Canada. He said those considering separation out of frustration with the current government should remember that Canada is more than just a government — it represents its people, flag, land and shared history. Poilievre said it

B.C. Conservatives Announce Election Night Watch Party in Vancouver

The B.C. Conservative Party has announced details of its official election night event ahead of the provincial election results. According to a press release issued by the party, leader Lorne Doerkson will host an election night watch party with campaign staff and supporters at Vancouver’s Rocky Mountaineer Station after British Columbians cast their votes. The venue is the same location where Kerry-Lynne Findlay was declared the party’s leader during a leadership convention five months ago. Doerkson, who is in the race to become B.C.’s premier, is running in the Cariboo-Chilcotin riding

surrey-mayor-doug-mccallum-reacts-to-skytrain-extension-promises-for-newton

Surrey Mayor Doug McCallum Reacts to SkyTrain Extension Promises for Newton

Newly elected Surrey Mayor Doug McCallum has strongly reacted to announcements by two major provincial parties regarding the proposed SkyTrain extension to the Newton area. In a statement issued by McCallum’s Safe Surrey Coalition, the party said the B.C. Conservatives have made a firm commitment to deliver the SkyTrain project to Newton Town Centre, while the B.C. NDP has offered only to hold another meeting on the issue. McCallum said the project is particularly important for Newton, Surrey’s largest community, which has a population larger than that of many cities but still lacks rapid

Related News

Canada’s Federal Budget Set for November 5

Canada’s Federal Budget Set for November 5

Canada’s federal budget will be presented on November 5, Finance Minister François-Philippe Champagne has officially announced. He confirmed the date during Question Period in the House of Commons on Tuesday. The budget will be the second fall budget under Prime Minister Mark Carney’s Liberal government. The announcement comes as Canadian businesses continue to face the impact of U.S. tariffs and Canada’s retaliatory measures. Champagne indicated that the budget would include several measures aimed at strengthening Canada’s economy and making it more independent. He said the budget wo

Air Canada Phone Bookings Get More Expensive, With an Extra $30 Fee Per Passenger

Air Canada Phone Bookings Get More Expensive, With an Extra $30 Fee Per Passenger

Air Canada has introduced a new non-refundable fee of $30 for each passenger when booking tickets through the airline’s telephone call centre. The charge is applied per passenger, meaning a family of four booking a flight through the call centre will have to pay an additional $120. However, the fee does not apply to bookings made through the airline’s website or mobile app. Air Canada said the move is intended to allow call centre agents to focus on passengers who need personalized assistance with reservations, travel disruptions or other travel-related issues. The airline clarified that t

Canada’s Economic Growth Forecast Cut Amid U.S. Tariffs, Budget Deficit Expected to Rise

Canada’s Economic Growth Forecast Cut Amid U.S. Tariffs, Budget Deficit Expected to Rise

Canada’s Parliamentary Budget Officer (PBO) has lowered its economic growth forecasts for 2026 and 2027, citing the impact of tariffs imposed by U.S. President Donald Trump and Canada’s retaliatory measures. According to the federal budget watchdog’s latest report, Canada’s real GDP is expected to grow by 0.9 per cent in 2026 and 1.5 per cent in 2027. The PBO had previously forecast growth of 1.1 per cent for 2026 and 1.6 per cent for 2027 in June. The report also projects an increase in Canada’s budget deficit following the breakdown of trade negotiations between Canada and the Unit

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital