34 days ago • Posted by Jasper Lawler

Canadians open to rate hikes to cool hot housing market

About 70 per cent of Canadians responding to a new Nanos Research poll conducted for Bloomberg News said the sharp increase in home prices was a major problem for the economy. Almost half were at least somewhat in favor of the Bank of Canada raising its overnight rate to slow the rise, even though such a move would also increase the cost of credit lines, credit cards and other debt.

Source: BNN

#Macro
Canadians open to rate hikes to cool hot housing market
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