The central bank’s decision signals a more aggressive approach to reigning in skyrocketing inflation, which reached a 39-year-high of 7.7 per cent in May.Read what you need to know here:In its latest monetary policy report, the Bank of Canada said inflation in Canada is “largely the result of international factors,” but that “domestic demand pressures are becoming more prominent.”
The Bank of Canada is forecasting inflation will peak at eight per cent this year before it begins to decline.Share this article in your social network
They should've known this was coming I blame the government for letting rates get this low.
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