
Is a recession coming, and how bad will it get?
The Big Story
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The Bank of Canada Signals There May Be More Interest Rate Hikes
The Bank of Canada has signaled there may be more interest rate hikes to get inflation under control. John Defterios: If the interest rate hikes are driving us towards a recession, why would they do this? He asks how much higher can interest rates go and how much can Canadians take of that?Defterios: We need to find better ways of managing inflation other than deliberately throwing hundreds of thousands of Canadians out of work.
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