Business

Canada Inflation Quickens to 8.1%, Keeping Up Rate Pressure

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“It will provide some relief” to the Bank of Canada, Charles St-Arnaud, chief economist at Credit Union Central Alberta Ltd., said in an interview on BNN Bloomberg Television. “I think they’ll be happy to see that it’s not closer to 8.5%. But it doesn’t mean that it will change their view in terms of what they need to do.” The Bank of Canada’s concern is the breadth of inflation, he added.



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