Politics Briefing: Trudeau says Bank of Canada rate hike bad news for Canadians

News Snapshot:

Hello, Prime Minister Justin Trudeau acknowledged Wednesday that the Bank of Canada raising its key interest rate to the highest level in 22 years is bad news for Canadians. “This is not the news that any Canadian wanted to receive this morning,” Mr. Trudeau said, speaking at the conclusion of a NATO Leaders’ Summit in Vilnius, Lithuania. Mr. Trudeau was responding to news that the Bank of Canada has increased its benchmark interest rate to 5 per cent and pushed out the timeline for getting consumer prices under control. There’s a story here. The Prime Minister said, based on his...