Bank of Canada to make final interest rate decision of year

Experts appear split on whether the central bank will opt for a hike of another quarter of a percentage point, or half a point.

They'll also be watching the bank's language closely, to see if an end to rate hikes is in sight.

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[gavinpowell]

Final raise of the year as if the year isn't almost over

[davefoster]

I'mma raise rent next year. I'mma jack it up through the roof! HELOC rate almost doubled this year bastard.

[philipsimmonds]

Trudy applying the final nails in the millenials coffins ..

[BudzzableRides]

What a shock LMAO, when your dictator spends 6, 000. Of taxpayers money on one night stay in a room. His partners in crime need to up the auntie.

[gereral_jackofalltrades]

Wait tell people come out of their fix rate 500, 000 Plus homes.bthey will walk 2020 500, 000 at 3.4 percent = 1, 700 a month interest. Now 500, 000 at 6.5% 3, 250 a month interest lol

[ericb]

They raised it and Finally they are taking responsibility. Should have been done 5 years ago before houses exploded more than double up in price

[timeverson]

How does inflation go down when government adds more climate taxes.

[ZenCorvus]

Poor people, you do it to yourselves.

[timeverson]

News flash.
Since the last time the interest was very high the prices were way lower.
What was the average price in the 60s less than a price of a car today. People were struggling before the pandemic .

[matthewjames]

they can raise rates to whatever they want...it ain't gonna stop inflation.

[MeagerMillionaire]

You can tell this "mortgage specialist" knows his bread maker is in a lot of trouble and he is lying!

[TelosBudo]

The news anchors both own million dollar houses in Toronto lol

[Ohhighbud]

People are going through hard times and they keep raising the rates anyways... Just throttling the cash flow, directing it into their pockets.

[christianduval]

What a great day...another 0, 5% more....Tiff is the best

I would like to thank's all people who stupidly borrow on their home to finance their life style and have to pay give it back to me ...who had suffer low
interest rate for the last 15 years
TheRiseOfTheSavers

[MeagerMillionaire]

Send it BoC I am so happy I knew Tiff was full of you know what and sold everything and paid of primary to let this thing TANK!

[slwide]

BOC rate hikes are on the right direction. Economy should grow on real wealth rather than debt.

[vikaskhatter]

prices are still high, Even housing : Compare pre covid to current situation. For common sense to prevail housing has to come to affordable level.

[dirtlump]

There is no surprise, we are now within target "range" above 4% of a probably 4.75% to 5% Terminal Rate sometime in 2023 fully DATA DEPENDENT according to CPI Inflation and Employment metrics.
Both CPI Inflation and Employment being rearward looking metrics.... expect a pause or mere 25 Bps hike until these metrics becomes clearer

[willbobig]

The was the greatest rug pull of our modern age.. Low interest rates, spark demand in housing. Bad news for new homeowners like myself who happened to buy a home out of necessity. I will be ready for the next time that this occurs.

[derekwdna]

As a rental owner, all these cost will be pass back down to tenant. Expect rent will go up by $400-600 next year per month.