Is Canada Heading To A Recession?

Is Canada Heading To A Recession?

The Bank of Canada has said that Russia's invasion of Ukraine, COVID-19 lockdowns in China and backlogged supply chains are fuelling “uncertainty” and higher prices for energy and food, prompting a need to increase interest rates to control inflation.

The central bank has hiked its key interest rate three times so far this year to bring it to 1.5 per cent.

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Broker,
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