The Weekly Roundup- June 6, 2022

On June 1, the Bank of Canada increased its policy interest rate by half a percentage point to 1.5%. Inflation, affordability and the cost of living are likely to be main topics of discussion during the UCP’s leadership race. In sharp contrast to those affordability discussions will be what the province should do with the windfall of money going to the province’s coffers with royalty revenue that could reach as much as $24 billion in just the next year alone.