Just over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.

  • EhForumUser@lemmy.ca
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    1 year ago

    Then why the hell does the BoC continue to raise the gd interest rates ffs?

    Largely because there is too much household debt (which helps drive inflation). Higher rates incentivizes people to take on less debt.