Even though Canadians have access to one of the cheapest food baskets in the world, the pace of inflation is unmanageable for many
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Bank of Canada’s Interest Rate Strategy is Failing Canadians
Bottom line: Overall, The data shows that interest rate hikes are now increasing inflation, not decreasing it The data shows that interest rate hikes are now increasing inflation, not decreasing it After nearly a year of interest rate hikes designed to fight inflation, rents in Canada are going up, and food costs remain stubbornly high.