Scott Thompson Show
Stratospheric car prices, the Bank of Canada interest bump, Toronto goes Conservative, and more
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:17:35
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Synopsis
The Hamilton Today Podcast with Scott Thompson: Do you know what has gotten Scott’s goat on today’s Hamilton Today Podcast? Low number of available cars, high prices – and wouldn’t you know it, supply chain issues. To answer what is going on with cars in Canada, David Booth of Postmedia driving joins Scott. The Bank of Canada has hiked its key overnight interest rate by 50 basis points to 1.5% and will continue quantitative tightening. The rate hike comes as the Bank believes that inflation will likely move higher in the near term before beginning to ease. Sprott School of Business Associate Professor Ian Lee gives us a history lesson from his time as a mortgage banker in the 1980s. The federal government has announced that starting early next year; British Columbia will be the first province in Canada to decriminalize possession of small amounts of illicit drugs for personal use. Will this curb deaths and other harms from drug use, ie; HIV transmission? Tim McClemont of the AIDS Network shares his view. Dan