Recession likely due to BoC rapid rate hikes: study - CTV News


7/5/2022 12:00:00 AM2 years 9 months ago

The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, a new study from the Canadian Centre for Policy Alternatives (CCPA) says.

OTTAWA - The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, a new study from the Canadian Centr… [+970 chars]

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