OTTAWA — The Bank of Canada cannot relax its current rapid pace of rate hikes because it has yet to see evidence that underlying inflation is easing, Governor…
The bank has raised its policy rate five times in a row since March to a 14-year high of 3.25% and is widely expected to unveil another hike at its next decision on Oct 26.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
“Simply put, there is more to be done. We will need additional information before we consider moving to a more finely balanced decision-by-decision approach.”Article content
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