With high inflation and interest rates causing financial hardship for many Canadians, questions are rising about how the Bank of Canada will mitigate the problem.
The annual rate of inflation clocked in at 7.0 per cent in August, as gasoline costs continued to fall, per Statistics Canada. Food prices continued to surge, however, hitting a 41-year high.
Global National's Dawna Friesen speaks with Tiff Macklem, the central bank's governor, about his hopes to stabilize financial woes, his thoughts on a potential recession and what he admits the organization might have miscalculated.
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