Bank of Canada raises interest again.

The Bank of Canada raises interest rates again. But really who will this affect? Those with limited income. The wealthy will not see a difference. Those that are being impacted by inflation and can barely feed their families will now need to pay higher mortgage rates, higher loan rates. Usually when these rates rise the financial institutions also raise their rates in tandem. This will cause a cascading effect and maybe even push us beyond recession into a depression. Not good!