Canada's economy is weak, but inflation is rising. The Bank of Canada has to choose which problem to take on. Raising interest rates will weaken the economy further while lowering rates would make inflation worse. The central bank decides what to do on Wednesday.
The Bank of Canada's inflation dilemma
CB
CBC - BusinessBy Peter Armstrong
EXECUTIVE SUMMARY
Canada's economy is weak, but inflation is rising. The Bank of Canada has to choose which problem to take on. Raising interest rates will weaken the economy further while lowering rates would make inflation worse. The central bank decides what to do on Wednesday.
Key Takeaways
- The Bank of Canada's inflation dilemma.
- Canada's economy is weak, but inflation is rising.
- The Bank of Canada has to choose which problem to take on.
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Published originally on CBC - Business
