Home Economics Canada Inflation to hit 6%

Canada Inflation to hit 6%

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Bank of Canada Governor reaffirmed that there is a 6% inflation in this quarter and that he is taking precautionary actions to slow it down. He also said that the inflation hits everyone specially those who has low income. Every house hold however is paying more that they had been paying before the pandemic hit.

The hike in the interest rate is one of the schemes he is using to curb the inflation.

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