Bank of Canada Holds Rate, Warns of Iran Impact
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bank of Canada maintains interest rate amid Iran conflict, warning of potential inflation surge due to rising oil prices and global uncertainty. Gas prices in Calgary now average $1.65 per litre, with experts predicting they could reach $2 in Vancouver if the crisis persists. Higher fuel costs are also driving up food prices, causing concern for shoppers and the economy. The central bank plans to make its next rate call on April 29th.
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