Results for - Bank of Canada's rapid rate hikes likely to cause a recession, study finds
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.-CP24
1. Do you think we are headed towards a recession?
2. The CCPA says it's time for a new policy on inflation. It says the Bank of Canada could potentially reduce the risk of sending the economy into a recession if it adjusts its target inflation rate to four per cent. Do you think the Bank of Canada will adjust it's target inflation to four percent?
3. This study comes a day after the Bank of Canada released two quarterly surveys which revealed consumers and businesses expect inflation to stay high for several years. Do you think inflation will stay high for...