Bill Kelly Show

The Bill Kelly Show Podcast: Finance Minister Chrystia Freeland issued a warning to Canadians Wednesday — the coming months won't be pretty as rising interest rates slow a once red-hot economy and force some people out of their jobs. The Bank of Canada's recent rate hikes to tame sky-high inflation will increase borrowing costs for businesses and consumers alike, which will send shockwaves throughout the economy, Freeland said. GUEST: Marvin Ryder, Professor with the DeGroote School of Business at McMaster University - If you think you’re shivering now, just wait until the shock of your next heating bill sets in. Enbridge Gas Inc., which serves approximately 75 per cent of Ontario residents, adjusts its prices every three months, and on Oct. 1, a new rate increase kicked in after the Ontario Energy Board approved a hike of five to 10 per cent. That comes on top of a rate hike in July of between 18 to 23 per cent. Some households will be paying $500 more than last year. Commodity prices are double what they we