Bank of Canada expected to hike interest rates again this week — who will it impact most?

Описание: Canadians are seeing the highest inflation rates in four decades.

The Bank of Canada is expected to hike interest rates once again this week in an effort to stabilize the economy.

Some economists think Wednesday’s hike could be the last for a while.

“We think that by the time October comes around, we might be in a good enough position for the bank to take a pause and look at how the economy is reacting,” said Karyne Charbonneau, CIBC’s executive director of economics.

Brittany Rosen explains why the move is needed and who will feel it the most.

For more info, please go to https://globalnews.ca/news/9102633/ba...

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #bankofcanada #interestrates