VKS: Bank of Canada raises key interest rate to 2.5%

 

The Vassy Kapelos Show

Audio from the Vassy Kapelos Show on 580 CFRA.
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Bank of Canada Governor Tiff Macklem says the move is necessary to avoid runaway inflation driven by higher fuel prices caused by the war in Iran. Vassy Kapelos speaks with BMO Chief Economist Doug Porter about the BOC's move, and the overall direction of the Canadian economy looking ahead to 2027.

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