The change comes as Covid-19 numbers rise from the omicron variant
The central bank has grown uncomfortable with hot inflation readings
The result matched October's year-over-year increase — the largest since early 2003
Housing sales will moderate next year, but prices aren't expected to ease
New tax revenues give the government $38.5 billion in extra spending room
The household debt service ratio fell, however, to 13.32% in the third quarter
The rate is reviewed twice per year and is tied to the reserves of Canada's largest banks
At the same time, the bank raised its dividend 10%
Deputy governor says it's difficult to gauge how quickly supply issues will be resolved
The average salary increase for women at SMEs was 5.3% in 2021, while men received 10.3%