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- The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from the Canadian Centre for Policy Alternatives (CCPA).
www.ctvnews.ca/business/bank-of-canada-s-rapid-rate-hikes-likely-to-cause-a-recession-study-finds-1.5974723Recession likely due to BoC rapid rate hikes: study | CTV News
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Jul 5, 2022 · The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from...
- Is there a recession coming in Canada? What you need to know ...
With inflation at a nearly 40-year high and the Bank of...
- Is Canada in a recession? What an economist says | CTV News
After the Bank of Canada held its key interest rate at five...
- Is there a recession coming in Canada? What you need to know ...
Decreasing the policy interest rate can stimulate economic activity and cause inflation to rise. Lower interest rates encourage people to spend more and save less. Lower rates reduce the amount needed to pay off debt and that means more people will borrow money for major purchases like a new vehicle.
Oct 13, 2023 · Bank of Canada Governor Tiff Macklem says higher interest rates are working to bring down inflation, but with new geopolitical unrest in the Middle East and core inflation proving “sticky,” he did not rule out further rate hikes.
- Barbara Shecter
Jul 5, 2022 · The Bank of Canada’s strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from...
Jun 24, 2022 · With inflation at a nearly 40-year high and the Bank of Canada expected to raise its key interest rate next month, these factors could kick start another recession. Statistics Canada said...
Jul 8, 2022 · Inflation, labour shortages and rising interest rates will drag on Canadian growth, pushing the economy into a moderate contraction in 2023. The jobless rate will rise next year but to less severe levels than in previous downturns.
Sep 6, 2023 · After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns...
