Economy · World
Bank of Canada Faces Rate Dilemma Amid Oil Price Concerns
Bank of Canada Governor Tiff Macklem stated that the bank may need to increase interest rates if oil prices continue to rise. He indicated that the central bank is facing competing forces in setting its rate policy. The potential for higher rates is linked to the sustained impact of elevated oil prices.
How outlets across the spectrum covered it
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- Centre (2): The Wall Street Journal, Toronto Star