this post was submitted on 24 Dec 2023
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The Bank of Canada's hefty rate hikes are finally bearing fruit, as higher borrowing costs have caused a pullback in business investment and consumer spending, making way for lower inflation in 2024.

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[–] tarsn@lemmy.ca 6 points 9 months ago (1 children)

Austerity is still coming when the Cons get in next election cycle

[–] GrindingGears@lemmy.ca 5 points 9 months ago

No that's not austerity, that's spending slashed because they need to do wholesale money transfers from public coffers to private hands. CONServative.