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- Begging for interest rate mercy
Begging for interest rate mercy
Sponsored by Heritage Mining
Begging for interest rate mercy
British Columbia’s Premier, David Eby, has taken a bold stance on the looming interest rate hike in September, expressing his concerns in a letter addressed to Governor Tiff Macklem of the Bank of Canada. Eby emphasized the adverse impact that this rate increase could have on the people of British Columbia.
“In your role as Governor, I urge you to consider the full human impact of rate increases and not further increase rates at this time,” Eby wrote Thursday to Macklem.
In his letter, Eby commended the Bank of Canada for its efforts in curbing inflation and alleviating financial pressures on individuals and businesses. However, he urged Macklem to carefully consider the human repercussions of another interest rate hike at this juncture.
You can read more on the matter here.
Heritage Mining is a Canadian mineral exploration company advancing two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake flagship project is on trend with Treasury Metals’ Goliath complex, with multiple high-grade gold and copper occurrences, and well-defined drill targets.
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FULL DISCLOSURE: Heritage Mining is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Heritage Mining. The author has been compensated to cover Heritage Mining on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.