Bank of Canada - Haida Gwaii Observer

Labour groups have voiced concerns about the Bank of Canada’s rate hikes in recent months

4.5 per cent likely to remain until Canada’s high inflation rate falls to its two per cent target

Key interest rate now stands at 4.5 per cent, highest it’s been in more than 15 years

Inflation rate peaked in the summer at 8.1 per cent and has been slowly decelerating since

72 per cent of consumers expect a recession in the months ahead

After peaking at 8.1 per cent in July, Canada’s inflation rate slowed to 6.9 per cent in October

Seventh consecutive hike in an effort to bring inflation down may be the last

Assets did not keep pace with interest charges on deposits at the bank

Tiff Macklem spoke at conference on diversity, equity Monday

Governor says opinions of politicians, interest groups not changing bank’s long-term plan

‘We need the economy to slow down to rebalance demand and supply’: Macklem

Conservative leadership front-runner Pierre Poilievre has been a loud critic of the Bank of Canada