Skip to Main content

4.62°^C Vancouver

News Entertainment 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

AlbertaMar 11, 2026

Treaty 6 First Nations leaders meet King Charles in England ahead of 150th anniversary

Leaders from Treaty 6 First Nations are meeting with King Charles III at Buckingham Palace today as part of a delegation representing communities in Alberta and Saskatchewan. The group includes seven representatives speaking on behalf of Treaty 6 First Nations. According to the Chiefs, the meeting is intended to discuss the historic treaty relationship between First Nations and the Crown. During the visit, the delegation plans to invite the King to attend events marking the 150th anniversary of the signing of Treaty 6. Chiefs say the commemoration is intended to recognize the treaty’s histor

the-federal-conservative-party-has-nominated-candidates-in-two-of-the-three-federal-byelections-scheduled-for-april-13

CanadaMar 11, 2026

The federal Conservative Party has nominated candidates in two of the three federal byelections scheduled for April 13.

Adrienne Charles will represent the Conservatives in Terrebonne, Que., after previously running in the riding during the last federal election. The byelection in Terrebonne was ordered after the Supreme Court annulled the Liberal candidate’s one-vote victory over the Bloc Québécois challenger, triggering a new vote in the riding. In Toronto’s University-Rosedale riding, the Conservatives have nominated Don Hodgson. The seat became vacant after Liberal MP and former federal cabinet minister Chrystia Freeland resigned her position in the House of Commons. A third byelection will take place

WorldMar 11, 2026

Spain pauses ambassador appointment to Israel amid tensions over Iran strikes

Spain’s government has decided to halt the appointment of a new ambassador to Israel as tensions rise following U.S. and Israeli strikes on Iran. According to a Spanish cabinet decision on March 10, the government accepted a recommendation from the foreign minister to suspend the appointment of Ana María Salomón Pérez as Spain’s ambassador to Israel. The decision came after a meeting of Spain’s council of ministers. Spanish officials said the country’s embassy in Tel Aviv will now be led by a chargé d’affaires instead of a full ambassador. Spain’s Prime Minister Pedro Sánchez

akali-dal-mla-ganieve-kaur-majithia-demands-apology-from-punjab-cm-over-alleged-remarks-about-women

IndiaMar 11, 2026

Akali Dal MLA Ganieve Kaur Majithia demands apology from Punjab CM over alleged remarks about women

Ganieve Kaur Majithia, a legislator from the Shiromani Akali Dal, has demanded an immediate apology from Bhagwant Mann over what she described as derogatory remarks about women in Punjab. According to Majithia, the comments were made by the chief minister during a speech in Ludhiana. She said the remarks were insulting to women and called on Mann to publicly apologize. Majithia said that if the chief minister does not issue an apology, she will raise the matter with the National Commission for Women. She argued that elected officials must maintain respectful language when speaking about women.

nunavut-mp-lori-idlout-leaves-ndp-to-join-liberals-moving-carney-government-closer-to-majority

CanadaMar 11, 2026

Nunavut MP Lori Idlout leaves NDP to join Liberals, moving Carney government closer to majority

Nunavut MP Lori Idlout has left the New Democratic Party caucus to join the governing Liberals, a move that brings Prime Minister Mark Carney’s minority government closer to a majority in the House of Commons. In an early-morning statement issued jointly with the Liberal Party of Canada, Idlout said she decided to join the government caucus after what she described as “much personal reflection” and encouragement from her community and family. She cited Arctic sovereignty, the rights and aspirations of Indigenous peoples, and climate change as key reasons for the decision. “That is why

Related News

The federal Conservative Party has nominated candidates in two of the three federal byelections scheduled for April 13.

The federal Conservative Party has nominated candidates in two of the three federal byelections scheduled for April 13.

Adrienne Charles will represent the Conservatives in Terrebonne, Que., after previously running in the riding during the last federal election. The byelection in Terrebonne was ordered after the Supreme Court annulled the Liberal candidate’s one-vote victory over the Bloc Québécois challenger, triggering a new vote in the riding. In Toronto’s University-Rosedale riding, the Conservatives have nominated Don Hodgson. The seat became vacant after Liberal MP and former federal cabinet minister Chrystia Freeland resigned her position in the House of Commons. A third byelection will take place

Nunavut MP Lori Idlout leaves NDP to join Liberals, moving Carney government closer to majority

Nunavut MP Lori Idlout leaves NDP to join Liberals, moving Carney government closer to majority

Nunavut MP Lori Idlout has left the New Democratic Party caucus to join the governing Liberals, a move that brings Prime Minister Mark Carney’s minority government closer to a majority in the House of Commons. In an early-morning statement issued jointly with the Liberal Party of Canada, Idlout said she decided to join the government caucus after what she described as “much personal reflection” and encouragement from her community and family. She cited Arctic sovereignty, the rights and aspirations of Indigenous peoples, and climate change as key reasons for the decision. “That is why

Former CBC anchor tells MPs broadcaster “silenced and intimidated” him

Former CBC anchor tells MPs broadcaster “silenced and intimidated” him

Former CBC television reporter and anchor Travis Dhanraj told a House of Commons committee Tuesday that the public broadcaster fostered a workplace culture where he says employees were “silenced and intimidated.” Dhanraj, who previously hosted the CBC program Canada Tonight, appeared before the House of Commons Standing Committee on Canadian Heritage as part of its study into the state of journalism and media in Canada. During his testimony, Dhanraj said the Canadian Broadcasting Corporation created what he described as a “toxic culture where intimidation went unchecked.” He said the b

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital