Skip to content
Markets
Economics

Canadians Prefer Rate Hikes During Highest Inflation Since 2003

  • 87% say run-up in prices a bigger concern than borrowing costs
  • Poll suggests support for Bank of Canada tightening plans
Tiff Macklem speaks during a Bank of Canada news conference on Dec. 15, 2021.
Tiff Macklem speaks during a Bank of Canada news conference on Dec. 15, 2021.Photographer: David Kawai/Bloomberg

Canadians are giving their central bank the go ahead to start raising interest rates amid decades-high inflation.

While a majority of households say they’ll be hurt by higher borrowing costs, they are much more concerned about the rising cost of living, according to polling late last month by Nanos Research Group for Bloomberg News.