In a recent interview with the Calgary Herald, Chief Economist Charles St-Arnaud spoke about the latest rate hike from the Bank of Canada and how it may further impact inflation.

“The Bank of Canada will really look more broadly at what’s happening in terms of the impact on consumers,” he said. “We’re not seeing yet convincing signs that . . . inflation, including food and energy, is finally peaking.”

St-Arnaud told the Herald he expects the rate to increase by as much as another 50 basis points by the end of this year. To read more, view the full article here.

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