Why the Bank of Canada raised rates—and what it means for you

Rudyard Griffiths and Sean Speer analyze the Bank of Canada's unexpected decision to raise interest rates amid sluggish economic growth. They discuss the central bank's choice to prioritize inflation control over employment, the implications for housing markets and government borrowing costs, and the challenges facing young Canadians. They also examine the tension between fiscal stimulus and monetary restraint, praising the bank's institutional independence while questioning the sustainability of current government spending. The Hub is Canada’s fastest growing independent digital news outlet. Subscribe to The Hub’s podcast feed to get all our best content: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Watch a video version on YouTube: https://www.youtube.com/@TheHubCanada Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Daphne Liang - Producer and Editor Rudyard Griffiths and Sean Speer - Hosts Justin Tang/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.