In July, 2020, Bank of Canada Governor Tiff Macklem assured Canadian households that borrowing rates were very low and would stay that way “for a very long time.”
And by all appearances, it looked like he would be right. The economy was in shambles amid widespread shutdowns and sky-high unemployment because of the COVID-19 pandemic. Many turned to government financial supports to afford basic necessities and keep businesses afloat. Inflation remained low.
Bad but then there’s … Brampton landlord renting out sad room where you can’t eat meat or drink in the house
