Federal Finance Minister Chrystia Freeland claims to be worried about the latest interest rate hike by the Bank of Canada and the effects it will have on inflation.
“I know a lot of people are struggling,” Freeland told the Senate finance committee the day the Bank announced it was raising the rate from 4.5% to 4.75%. “A lot of people saw that and said, ‘Oh, what am I going to do with my mortgage?’”
