Can Interest Rates Really Go Up 8 Times in 2 Years??

So a headline in the Financial Post discussing a Scotiabank forecast of eight Bank of Canada rate increases over the next two years has gotten a lot of attention. Is it even possible? With some simple math and crunching some basic numbers it seems almost 100% impossible to us, with one exception...we explain in this new Rock Star Minutes video.

Check out these links referenced in this Minutes:

World Economic Database - https://bit.ly/3BNDbFH

Annual Financial Report of the Government of Canada Fiscal Year 2019-2020 - https://bit.ly/3ENOqQb

Federal and Provincial Debt-Interest Costs for Canadians - https://bit.ly/2ZYx6tc

A Recovery Plan for Jobs, Growth, and Resilience - https://bit.ly/3EP451X

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