For the second time in as many months, Ontario Premier Doug Ford is calling on the Bank of Canada to pause any further interest rate increases, saying millions of Canadians are “struggling to make ends meet.” “There is simply no excuse for increasing the already crushing pressure previous interest rate hikes have placed on so many families and business,” Ford said in a letter addressed to Bank of Canada Governor Tiff Macklem and posted to X, formerly Twitter, on Sunday. Ford’s letter comes ahead of the central bank’s upcoming interest rate announcement on Wednesday, where it’s expected that the key interest rate will hold at five per cent – the highest level since 2001. The Bank of
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