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Finance

Bank of Canada Governor Tiff Macklem is unfortunately caught in a vicious circle since shelter costs make up a large portion of the inflation measure used by the central bank, Les Whittington. The Hill Times photograph by Andrew Meade
With interest rates, the Bank of Canada, led by Governor Tiff Macklem, also has in its arsenal a very blunt tool, and recent developments have shown it will not hesitate to use it with great force and speed to accomplish its mission, writes CFIB's Simon Gaudreault. The Hill Times photograph by Andrew Meade