‘No grasp on reality’: Bank of Canada hikes interest rate to 4.75%

‘No grasp on reality’: Bank of Canada hikes interest rate to 4.75%


Global National

After a brief pause, the Bank of Canada has again raised its key interest rate, this time to 4.75 per cent, making the prospect of buying a home further out of reach for renters. As Mike Drolet explains, both the central bank and the feds are being blasted for being out of touch with Canadians.