Canadians Feeling the Pinch of Latest Bank of Canada Rate Hike: Poll

A customer shops at a meat counter in a grocery store in Montreal on April 30, 2020. The Canadian Press/Paul Chiasson

A majority of Canadians say they will be financially hurting due to the latest Bank of Canada (BoC) rate hike, according to a new poll.

With another recent increase to the BoC’s key overnight rate—the tenth rise since the start of 2022—59 percent of Canadians say it will have a negative impact on their personal finances, according to the survey released by the polling firm Angus Reid on July 20.