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Published 2 years ago

Central Bank of Canada Needs to Raise Interest Rates to Curb High Inflation = Governor

Summary by Reuters
[26th Reuters] - Bank of Canada (central bank) Governor McLem said on the 26th that interest rate increases are necessary because the inflation rate is too high. In a video posted on Twitter, he said “the inflation rate is too high,” and he pointed out that it is important for Canadians to plan spending and savings and lower the inflation rate so that they are not surprised by major changes in living expenses.” “By raising interest rates, we'll …

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