NDP: Latest interest rate hike demands action on affordability

REGINA - Today, the Bank of Canada announced the largest single interest rate increase since 1998, adding more pressure to already cash-strapped Saskatchewan families. Official Opposition Leader Carla Beck called on Premier Scott Moe to act on the crushing cost of living and provide immediate affordability relief to Saskatchewan people.

“Politicians can’t help with interest rates, but they can help with affordability relief,” said Beck. “Hiking utility fees and taxes while sitting on a billion dollars of unexpected resource revenues - all as insurance, gas and groceries go up - is wrong.”

The Bank hiked its key interest rate a full percentage point in response to continued inflationary pressures on the economy. The Sask. Party government has yet to signal that a serious affordability relief package is on its way to families.

“Though a necessary move by the Bank of Canada, housing affordability and the cost-of-living concerns remain. I think of the countless young people hoping to buy their first home and start a family,” said Beck. “Scott Moe needs to get back to work for the people of Saskatchewan.”

The Official Opposition calls on the government to immediately respond to the cost-of-living crisis with a meaningful affordability relief package.

-30-

Latest posts

KEVIN WEEDMARK REFUNDS TAXPAYERS FOR JOURNALISM GRANT HIS PAPER RECEIVED

KEVIN WEEDMARK REFUNDS TAXPAYERS FOR JOURNALISM GRANT HIS PAPER RECEIVED The Moosomin-Montmartre MLA Continues Hiding From Media As Questions Grow

REGINA – Today, more questions about embattled MLA Kevin Weedmark have been raised following the release of an article from Grasslands News about his privately owned and operated newspaper, The World Spectator.

BRIGHTON RESIDENTS LEFT IN THE DARK: CARLA BECK'S TEAM CALLS OUT MLA KEN CHEVELDAYOFF OVER PHANTOM SCHOOLS

SASKATOON— Carla Beck's team, joined by local Brighton resident Dr. Sarah Chomicki, is calling on Scott Moe to fulfill his government's broken promises and immediately get to work on a neighborhood school for the rapidly growing community of Brighton.

NEW DATA SHOWS THAT SASKATCHEWAN HAS THE HIGHEST CHILD FOOD BANK USAGE IN CANADA

Beck Commits To School Nutrition Program, Doing All She Can To End Child Poverty
REGINA – Carla Beck’s team is sounding the alarms on new data showing more children in Saskatchewan are forced to rely on the food bank than anywhere else in Canada.

CARLA BECK GOVERNMENT WOULD RESTORE DIRECT-TO-LANDLORD RENT PAYMENTS AS MOOSE JAW FACES RISING HOMELESSNESS

More Affordable Housing, Rent Control Also Part Of Plan Being Developed By Beck’s Team
MOOSE JAW – Carla Beck’s team is in Moose Jaw today committing that, should they form the next provincial government, her team will restore direct-to-landlord rent payments for Saskatchewan Income Support (SIS) and Saskatchewan Assured Income for Disability (SAID) clients.

NDP Caucus Office