The Morning Tide

6:00am - 10:00am
Email
Now Playing: Justin Fancy - Long Time Comin'
Listen Live

    Search

    Federal Shadow Finance Minister says we have the highest debt in all G7 countries

    Friday, 14 July 2023 12:00

    By Tonya Organ

    Jasraj Singh Hallan, says this is the tenth time in two years that the Bank of Canada has raised interest rates.

    Bad news for anyone with a mortgage or looking to get one. to. On Wednesday, the Bank of Canada has once again, increased the benchmark lending rate by 25 basis points, reaching 5%.  Conservative Shadow Minister for Finance, Jasraj Singh Hallan, says this is the tenth time in two years that the Bank of Canada has raised interest rates. Hallan says Canadians have the highest debt in all G7 countries.

    Share

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Low-level cloud

      High: -2°C | Low: -10°C

    • Deer Lake

      Low-level cloud

      High: -1°C | Low: -12°C

    • Stephenville

      Low-level cloud

      High: -2°C | Low: -10°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Trash Talk Thursday, February 5, 2026

      Topics of conversation on this week's show include gift cards, ceramics, batteries, and more!

    • Center Stage with Stella

      "Center Stage with Stella", Feb 4 , 2026 (First show)

      Geri and Phil from The Once join Stella for her first show

    • The Plain Truth

      The Plain Truth, Wednesday February 4, 2026

      February is Violence Prevention Month