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Bank of Canada raises its interest rate to 5%
(www.cbc.ca)
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this post was submitted on 12 Jul 2023
186 points (98.4% liked)
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There's a contingent of jaded people who just want to see slightly better-off middle-class people punished for taking any risk in buying their house, rather than actually seeing the housing market become more affordable for everyone. There's always someone celebrating the upcoming foreclosures.