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Gormley - On Demand CJME / CKOM

Gormley - Dr. Jason Childs - Thursday, July 14, 2022

16min2022 JUL 14
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The Bank of Canada announced yesterday that they are hiking its overnight interest rate to 2.5 per cent in order to combat inflation. Dr. Jason Childs, Associate Professor of economics at the University of Regina breaks down what this really means for Canadians, and how it will affect other interest rates such as mortgages or lines of credit.

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