Skip to Main content

11.83°^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

doug-ford-denies-interfering-in-u-s-elections-says-canada-u-s-ties-have-changed-forever

CanadaOct 22, 2026

Doug Ford Denies Interfering in U.S. Elections, Says Canada-U.S. Ties Have Changed Forever

Ontario Premier Doug Ford has denied allegations of interfering in U.S. elections, saying it has become clear that Canada’s relationship with the United States has changed forever. Ford stressed that regardless of the outcome of the upcoming U.S. midterm elections or who occupies the White House in the future, relations between the two countries will never return to what they once were. He said Canada must prepare accordingly. A fact sheet released by the U.S. Assembly on Wednesday alleged that Ford had specifically urged Prime Minister Mark Carney in August 2026 to impose retaliatory tariff

CanadaOct 22, 2026

U.S. Accuses Canada of Serious Election Interference

The United States has accused Canada of attempting to influence American elections, as President Donald Trump’s administration intensifies its campaign against voting by non-citizens ahead of the November 3 midterm elections. According to reports, at least 11 Canadians have been arrested this year as part of the crackdown. The U.S. Embassy in Ottawa linked the actions to alleged Canadian interference in American politics, claiming Canadian politicians had attempted to influence U.S. elections through trade policies, political campaigning and public statements. The embassy’s list reportedly

CanadaOct 21, 2026

Canada Says Proposed Social Media Ban for Under-16s Is Constitutional

The Canadian government has defended proposed Bill C-34, which would ban children under 16 from using social media, arguing that it is consistent with the Canadian Charter of Rights and Freedoms. In a statement issued by Justice Minister Sean Fraser, the government acknowledged that the proposed digital safety legislation could affect freedom of expression but maintained that it falls within constitutional limits. The government argued that age-based restrictions are already in place for activities such as voting and driving, and said similar measures are justified to protect children from the

danielle-smith-warns-ucp-members-support-canada-or-leave-the-party

AlbertaOct 21, 2026

Danielle Smith Warns UCP Members: Support Canada or Leave the Party

Alberta Premier Danielle Smith has issued a strong warning to members of her United Conservative Party (UCP), saying those who cannot support a pro-Canada position should return their party memberships and find another party. In a video posted on social media Wednesday, Smith made it clear that the UCP cannot afford divisions over the issue, warning that internal disagreements could put the party at risk of losing the next provincial election to the opposition NDP. Her comments came after Monday’s referendum, in which Albertans voted in favour of remaining part of Canada. Smith acknowledged

psac-announces-strike-vote-for-120-000-federal-workers

CanadaOct 21, 2026

PSAC Announces Strike Vote for 120,000 Federal Workers

Canada’s largest federal public service union has announced a nationwide strike vote after contract negotiations with the government stalled. The Public Service Alliance of Canada (PSAC) represents approximately 120,000 workers, including wildfire firefighters, passport officers, fisheries officers, federal teachers, librarians and administrative staff. The strike vote will run from November 16, 2026, to January 22, 2027. The union and the Treasury Board have been in a dispute over a new collective agreement for the past 18 months. PSAC alleges that the federal government has repeatedly dela

Related News

Doug Ford Denies Interfering in U.S. Elections, Says Canada-U.S. Ties Have Changed Forever

Doug Ford Denies Interfering in U.S. Elections, Says Canada-U.S. Ties Have Changed Forever

Ontario Premier Doug Ford has denied allegations of interfering in U.S. elections, saying it has become clear that Canada’s relationship with the United States has changed forever. Ford stressed that regardless of the outcome of the upcoming U.S. midterm elections or who occupies the White House in the future, relations between the two countries will never return to what they once were. He said Canada must prepare accordingly. A fact sheet released by the U.S. Assembly on Wednesday alleged that Ford had specifically urged Prime Minister Mark Carney in August 2026 to impose retaliatory tariff

U.S. Accuses Canada of Serious Election Interference

U.S. Accuses Canada of Serious Election Interference

The United States has accused Canada of attempting to influence American elections, as President Donald Trump’s administration intensifies its campaign against voting by non-citizens ahead of the November 3 midterm elections. According to reports, at least 11 Canadians have been arrested this year as part of the crackdown. The U.S. Embassy in Ottawa linked the actions to alleged Canadian interference in American politics, claiming Canadian politicians had attempted to influence U.S. elections through trade policies, political campaigning and public statements. The embassy’s list reportedly

Canada Says Proposed Social Media Ban for Under-16s Is Constitutional

Canada Says Proposed Social Media Ban for Under-16s Is Constitutional

The Canadian government has defended proposed Bill C-34, which would ban children under 16 from using social media, arguing that it is consistent with the Canadian Charter of Rights and Freedoms. In a statement issued by Justice Minister Sean Fraser, the government acknowledged that the proposed digital safety legislation could affect freedom of expression but maintained that it falls within constitutional limits. The government argued that age-based restrictions are already in place for activities such as voting and driving, and said similar measures are justified to protect children from the

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital