In An Effort To Fight Inflation, Bank Of Canada Hikes Interest Rate To New “Don’t Even Think About It” Level

By Andrew Scott

Ottawa - With inflation now at a decades-high level in Canada, the central bank has responded for the sixth time this year by raising its key interest rate to 3.75 per cent, otherwise known in the banking sector as the “don’t even think about it” level.

“I don’t know what people are complaining about,” states Tiff Macklem, Governor of the Bank of Canada acknowledging that he consulted such average Canadians as Heather Reisman, David Thompson, and Jim Pattison before implementing the bump from 0.25 to 3.75 per cent.

“I mean while it’s true that Canadians may have to ‘take one for the team’ and put off that long overdue boathouse renovation at their Lake Joe cottage, it’s nothing that our resilient citizenry can’t deal with.”

Andrew Scott is a musician and writer who lives in Toronto in a house amongst children, antiquated technology of yesteryear and many, many instruments. Instagram, writing, poetry, more poetry.