this post was submitted on 11 Jul 2023
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Just over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.

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[โ€“] BruceDoh 8 points 1 year ago (1 children)

Because BoC's mandate is to limit inflation. Affordability isn't their problem.

[โ€“] [email protected] 4 points 1 year ago

Because BoCโ€™s mandate is to limit inflation

And further to that, they have very few tools at their disposal - interest rates being the main (and most effective) one.