Freeland Stresses Bank of Canada’s Independence After Singh Criticizes Rate Hikes

Deputy Prime Minister and Finance Minister Chrystia Freeland makes her way to a cabinet meeting on Parliament Hill, Oct. 25, 2022 in Ottawa. The Canadian Press/Adrian Wyld

As another interest rate hike looms, Finance Minister Chrystia Freeland is emphasizing the Bank of Canada’s independence after criticism from federal NDP Leader Jagmeet Singh.

Singh sent a letter to Prime Minister Justin Trudeau Friday warning that another rate hike will have a “serious impact on families” as fears of a recession grow.