NDP leader Jagmeet Singh said a couple in Windsor, ON, with a variable rate mortgage will have to pay $1,713 per month more to afford their home because of Prime Minister Justin Trudeau. .“That's over $500k in additional interest over the life of their mortgage,” said Singh in a Wednesday tweet. .“Families everywhere have been given a mortgage bombshell.” .Singh said these people need support. .Conservative Sen. Leo Housakos (Quebec) asked if Singh and the NDP “recognize that they’re the ones propping up this incompetent Trudeau government.”.“The Liberals and NDP are in a dead heat for hypocrisy and stupidity medals,” said Housakos. .Prominent Canadian psychologist and author Dr. Jordan Peterson said Singh was being stupid. .“Bring down his government then you lying hypocrite, which you could do at any moment @theJagmeetSingh,” said Peterson. .Bank of Canada Governor Tiff Macklem said on July 13 interest rates will remain high until 2024..READ MORE: Surging food costs surprised Bank of Canada, interest rate hits 5%.Macklem said the continued high prices for groceries had surprised him. This prompted the bank to increase its key rate on interbank loans by 25 points to 5% — the highest in 22 years.
NDP leader Jagmeet Singh said a couple in Windsor, ON, with a variable rate mortgage will have to pay $1,713 per month more to afford their home because of Prime Minister Justin Trudeau. .“That's over $500k in additional interest over the life of their mortgage,” said Singh in a Wednesday tweet. .“Families everywhere have been given a mortgage bombshell.” .Singh said these people need support. .Conservative Sen. Leo Housakos (Quebec) asked if Singh and the NDP “recognize that they’re the ones propping up this incompetent Trudeau government.”.“The Liberals and NDP are in a dead heat for hypocrisy and stupidity medals,” said Housakos. .Prominent Canadian psychologist and author Dr. Jordan Peterson said Singh was being stupid. .“Bring down his government then you lying hypocrite, which you could do at any moment @theJagmeetSingh,” said Peterson. .Bank of Canada Governor Tiff Macklem said on July 13 interest rates will remain high until 2024..READ MORE: Surging food costs surprised Bank of Canada, interest rate hits 5%.Macklem said the continued high prices for groceries had surprised him. This prompted the bank to increase its key rate on interbank loans by 25 points to 5% — the highest in 22 years.
