Poilievre Says Cost of Government Behind Inflation as Central Bank Raises Rate

Conservative leader Pierre Poilievre holds a press conference in the foyer of the House of Commons on Parliament Hill in Ottawa on Jan. 25, 2023. The Canadian Press/Sean Kilpatrick

Conservative Leader Pierre Poilievre said the cost of government is driving up the cost of living for Canadians, after the Bank of Canada announced today another interest rate hike, bringing its key rate up to 4.5 percent.

“Sucker punch. That’s what the government hit Canadians with today by increasing interest rates after Trudeau and his government promised rates would stay low for long,” Poilievre said in a press conference on Jan. 25.