Tue. May 28th, 2024
Inflation & interest rates: How the Bank of Canada aims to reign in prices by raising rates

Interest rates and inflation are closely linked, which is why the Bank of Canada has been pushing up its key rate to try and keep inflation to the target of 2%. But it's a careful balance between controlling inflation and not tipping the economy into a recession. Note - since this video was published in June, inflation has risen to 8.1% in July.

Read more about inflation: https://www.theglobeandmail.com/topics/inflation/

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