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Finance

During question period on finance, the NDP asked why the government is not doing more to make life affordable after the Bank of Canada raised interest rates for the first time since 2023, saying higher mortgage, loan and credit card costs are hitting working families and prices are expected to stay high through 2027. The Liberals replied that the Bank of Canada is independent and that inflation is being driven by conflicts in the Middle East and oil price shocks, pointing to government programs such as child care, dental care, school food and grocery support as help for families.Written by AI from the debate. Updated .

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