Canada Suffers High Inflation, Pulls Back on China

Posted on 06/05/2023

Canada’s economy, like that of the U.S., has proven resilient in the face of sudden and repeated central bank rate hikes. The Bank of Canada paused its rate hikes at 4.5% months ago, but may have to change course. Q1 2023 GDP was up 3.1% and inflation came in at 4.4%, both numbers higher than…

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