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Bank of Canada Troubled By High Gas Prices, Warns of Hike Risk
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflationEnergy Markets & Prices
The Bank of Canada warned it may need to raise interest rates if persistently elevated gasoline prices feed through into broader goods and services inflation. The statement signals a more hawkish policy bias and raises the risk of tighter financial conditions if energy-driven price pressures become entrenched.
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