this post was submitted on 15 Jul 2023
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Raising interest rates are how the government fights inflation.
Except the BoC is not affiliated with the federal government. The feds have no control over what the BoC decides.
BoC tried to limit the money out there, the feds start printing checks and sending them out to Canadians. Its a slow game of lose and lose for all Canadians, except the rich.