Rising JustinFlation Leads to Jumbo Rate Hike, Pushing Canadians Deeper Into Debt

Vancouver, BC - Candidate for Prime Minister Pierre Poilievre issued the following statement on the Bank of Canada’s rate hike:

“Today, the Bank of Canada hiked the interest rate by 1%, another massive hike that will make debt and mortgage payments even more expensive for Canadians already struggling to hold on. There’s one reason for this hike: JustinFlation. Trudeau’s inflationary deficits, and the Bank of Canada acting as his ATM, sent a half-trillion dollars out to bid up the costs of goods. His inflationary taxes make it even worse, further driving up the cost for businesses to produce goods and Canadians to buy them.

Canadians are making desperate choices, with a quarter of them forced to cut back on life’s essentials like food, housing and basic utilities. As many as half of Canadians were worried another interest rate hike would cause financial trouble for their families, and four in ten were worried another hike could drive them closer to bankruptcy.

Canadians are in dire straits and the Liberals have nothing to say. Minister of Finance Chrystia Freeland’s big plan to tackle inflation was a re-announcement of existing spending - alongside constant lectures to Canadians to stay focused on her climate change goals, when they can’t even afford to put gas in their cars.

I have a “common cents” plan to fight JustinFlation. As Prime Minister, I will:

  1. Axe the carbon tax;
  2. End the money-printing deficits;
  3. Restore the Bank of Canada’s independence with a Governor who will fight inflation;
  4. Instead of creating cash, create more of what cash buys: produce more Canadian energy and food, and build more houses

My plan will tackle inflation to give people back control of their lives and make Canada the freest country on earth”.

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