this post was submitted on 27 Jun 2023
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Maybe it's time for the Canadian government to now focus on what's actually causing inflation, instead of jacking up interest rates quarter over quarter. Maybe go after the grocery and gasoline retailers for their quite clearly collusive behaviour. Because putting my mortgage up another $1,000 a month isn't going to fix that.
The Canadian government does not control the bank of canada
True but the government can take legislative measures that would decrease inflation, and so it wouldn't be necessary to raise rates.