It’s like watching a slow-motion disaster unfold—only the ones in charge refuse to blink.
The Bank of Canada is gripping interest rates like a vice, refusing to let go, convinced that sitting tight will somehow steer us through this storm. But the signs? They’re screaming at us.
Mortgage defaults are hitting record highs, and families are being crushed under payments they can’t meet. Unemployment is climbing like a dark shadow creeping over our neighborhoods. Food banks—our last line of defense—are busier than ever, a brutal reminder that survival is slipping through more fingers every day.
Housing starts are plummeting, the foundation of the economy cracking under the pressure. GDP growth is barely a whisper, barely moving the needle. And yet, the Bank’s response? Freeze rates in place, wait for “certainty,” act like patience will magically fix a sinking ship.
Sure, inflation has dipped to 1.7%, but at what cost? Holding the line now is like watching a fire spread while refusing to call the firefighters. The economy isn’t uncertain—it’s unraveling.
Drop the damn rates already. The clock has run out on waiting. Every day of inaction is another day where people lose their homes, their jobs, their hope.
If they don’t act now, this crisis won’t just deepen—it will consume everything.
