this post was submitted on 07 Jul 2023
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Interest rates are increased by the Bank of Canada to fight inflation. If the Bank of Canada pauses increasing rates then it may mean a few things:
Not increasing interest rates may also result in a weaker dollar, which means importing would be more expensive.
All in all, I think a lot of people will see some relief with loan payments. However I worry goods will continue to increase in price.
(Not an economist, this is pure opinion.)