Ontario Premier sends a letter to the Bank of Canada requesting that interest rate hikes be halted.

 

Ontario Premier Doug Ford has requested the Bank of Canada to cease rising interest rates. Rate increases, according to Doug Ford, are harming families and businesses in the province. According to Doug Ford, the Bank of Canada has written directly to Governor Tiff McClaim, expressing concern about the impact current rates are having on households and businesses in the province. The letter was written before the bank announced its next interest rate decision on Wednesday.