In recent online news coverage from Yahoo Finance and Inside Headline, Alberta Central Chief Economist Charles St-Arnaud was quoted speaking about the possibility of further rate hikes from the Bank of Canada.

“While the Boc does not provide any forward guidance on whether further rate hikes could be necessary, suggesting that the BoC will be data-dependent. Nevertheless, it is clear that if there were a tug-of-war between economic activity and fighting inflation, the BoC would choose the fight against inflation…further rate increases this year cannot be ruled out.”

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