CALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time. That’s according to prepared remarks the governor is delivering before the Calgary Chamber of Commerce today. His speech comes one day after the central bank decided to hold its key interest rate steady at five per cent as signs of a slowing economy grow. However, Macklem says today that the central bank’s governing council agreed rates may n
CALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time.
His speech comes one day after the central bank decided to hold its key interest rate steady at five per cent as signs of a slowing economy grow.
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