Bank of Canada warns of potential rate hikes
The article discusses the Bank of Canada's warning about the possible rate hikes if inflationary pressures persist due to rising gasoline prices, especially since continued fuel price increases raise the likelihood of inflation spreading to other goods and services, potentially prompting the bank to tighten monetary policy. The bank also explained that the trade dispute with the United States and the war in Iran remain among the most significant risks to the economy, noting that inflation is still close to 3% amid rising energy prices.
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