Canada will hit Russia with more sanctions and economic policies designed to undermine Russian President Vladimir Putin’s ability to wage war — and some of those moves might end up hurting Canada’s economy, Finance Minister Chrystia Freeland said Tuesday.
Freeland made those remarks Tuesday afternoon after meeting with the finance ministers of the other G7 nations and the Ukrainian finance minister to discuss measures to punish Russia for its invasion of Ukraine.
Freeland’s remarks suggest the Trudeauscu regime will use the Ukraine invasion to advance his economy killing green-agenda. Never let a crisis go to waste.
Gas prices in Ontario set to soar this week to ‘a price we have never seen’
Gas prices in Ontario are set to hit another record this week, one expert says.
Dan McTeague, President of Canadians for Affordable Energy, told CTV News Toronto on Tuesday that prices will jump two cents per litre on Wednesday to an average of $1.60 per liter.
The bigger increase will come on Thursday, when gas prices are expected to jump six cents to and average of $1.66 per litre.
Bank of Canada raises key interest rate to 0.5%
The Bank of Canada has hiked its key interest rate to 0.5 per cent, the first step of a series of signalled increases amid economic recovery from the COVID-19 pandemic.
The overnight rate target will rise 25 basis points, the central bank announced Wednesday, up from the floor of 0.25 per cent it held for much of the pandemic.
