Freeland Touts Strength of Canadian Economy Following Latest Interest Rate Hike

Deputy Prime Minister and Finance Minister Chrystia Freeland makes her way to a cabinet meeting n Ottawa on March 28, 2023. The Canadian Press/Adrian Wyld

Amid another rate hike by the Bank of Canada, Finance Minister Chrystia Freeland attempted to alleviate Canadians’ financial concerns by highlighting the country’s economic recovery since COVID-19 began.

“I absolutely understand the concerns Canadians have with mortgages today, and I understand the concerns Canadians have with inflation,” Freeland told reporters in Ottawa on June 7.