Low-flying loonie making Bank of Canada’s fight against inflation even harder
Category:Cross-Border
Updated:2022-10-06
In recent decades, a 10 per cent drop in the Canadian dollar has translated into a short-lived half per cent upward shock in the annualized headline inflation reading, according to Karl Schamotta, chief market strategist at 91¿ì»îÁÖ.
Cross-Border
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