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B.C. Premier David Eby asks Bank of Canada to freeze hikes to interest ratesIn writing directly to Governor Tiff Macklen, Eby said another rate hike would hurt mortgage holders with expired or soon to expire policies as well as those with variable rates.EconomyAug 31, 2023
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As inflation persists, Canadians are forced to cut back. How are they saving?Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.ConsumerDec 9, 2022
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Central banks must continue raising interest rates to hit ‘neutral’ level: IMF chiefCentral banks have to bring rates up because "when inflation runs high, that undermines growth, it hits the poorest parts of the population the hardest," says Kristalina Georgieva.WorldOct 26, 2022
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Russia credit rating cut amid Ukraine crisisRussia felt the impact of the Ukrainian crisis on its economy Friday when a global ratings agency cut its credit grade for the first time in five years.MoneyApr 25, 2014
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