Bank of Canada Weighs Interest Rates Amid Iran War, Inflation
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Amidst growing economic concerns due to the Iran war, the Bank of Canada is expected to maintain interest rates, focusing on long-term risks rather than short-term oil shocks. Experts predict a possible quarter-point hike later this year, but most see it as unlikely given weak employment and core inflation nearing two percent. Meanwhile, Ottawa prepares for a spring fiscal update to check progress on spending plans and economic goals.
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