Politician appeals to BOC on rate hikes 'unfortunate,' policy prof says

Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging against another rate hike, as the provincial leaders attempt to sway the central bank's interest rate decision slated for Wednesday.

Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging against another rate hike, as the provincial leaders attempt to sway the central bank's interest rate decision slated for Wednesday.

Ontario Premier Doug Ford sent a letter on Sunday saying families and businesses cannot afford the "crushing impact of further rate hikes," echoing a letter British Columbia Premier David Eby sent on Thursday.