Canada has one of the lowest inflation rates in the G7. Does the Bank of Canada really need to push rates higher?

https://www.thestar.com/business/2023/06/30/canada-has-one-of-the-lowest-inflation-rates-in-the-g7-does-the-bank-of-canada-really-need-to-push-rates-higher.html

Some fear Bank of Canada Gov. Tiff Macklem is poised to raise rates again in July in a bid to drive inflation down to its target. ‘It’s two per cent or bust,’ says one economist.

12 points · 2 comments · view on lemmy.world

2 Comments

Studabakerhawk@kbin.social · 5 pts · 3y

Just because other countries have runaway inflation doesn't mean we need to as well.

TerraNova@lemmy.world · 2 pts · 3y

I look forward to prices dropping soon /s