Omicron outbreak is unlikely to save Canadians from interest rate hikes next year

As Canada’s federal government prepares for another encounter with COVID-19, Canadian borrowers must face a second hazard: the prospect of a sharp rise in interest rates in 2022. While the world’s most powerful central banker, Jerome Powell, warned on Wednesday that a new variant capable of smashing through vaccine defences could check the U.S. Federal Reserve’s plans to cut stimulus,Continue reading “Omicron outbreak is unlikely to save Canadians from interest rate hikes next year”