New Left Radio
New Left Radio
Jan 13, 2022
NLR Minute 01/14 - Interest Rate Worries
Play • 32 min

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The crisis in housing is reaching fever pitch across Canada, with it hitting especially hard right at home for one of our co-hosts.

It's being reported that the Bank of Canada is going to be raising the overnight lending rate next week in what will be the beginning of a series of increases seeking to control inflation. It's bad news for the working class and the same tired monetary policy that got us into this mess.

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