Evenings on BayFM

3:00pm - 7:00pm
Email
Now Playing: Small Town Pistols - Anthem Of A Runaway
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

      Sunny intervals

      High: 19°C | Low: 6°C

    • Deer Lake

      Sunny intervals

      High: 20°C | Low: 4°C

    Recently Played

    Podcasts

    • The Plain Truth

      The Plain Truth, Wednesday June 11, 2025

      June is Stroke Awareness Month, a time to shed light on one of Canada's leading health challenges

    • Corner Brook In Council

      Corner Brook City Council Meeting, Monday June 9, 2025

      Corner Brook City Council Meeting, Monday June 9, 2025

    • Qalipu Today

      Qalipu Today, Tuesday June 10, 2025

      On this episode of Qalipu Today, we broadcast an informative conversation about the education and training supports available to members through Qalipu First Nation.