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Why economists think the Bank of Canada may hike rates on Wednesday
🇨🇦 Canada · Economy · 49 min ago
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Why economists think the Bank of Canada may hike rates on Wednesday
Expectations are rising that the Bank of Canada will indeed raise interest rates this week as it considers the effect of higher energy prices on the economy.
While speaking from the sidelines of the International Monetary Fund meetings in Bangkok, Macklem warned that persistently high global energy prices will drive up the inflation outlook at home.
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