The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reach its two per cent inflation target, the eighth consecutive interest rate hike on Jan. 25 brings the policy rate to 4.5 per cent. The bank’s logic is this: when demand outpaces what the economy […] Read more
Opinion: Are interest rates the right tool to fight inflation?
The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility
