Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns

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https://i.cbc.ca/1.6711062.1673558825!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/person-walks-down-a-grocery-aisle.jpg This week's inflation figures seem like a cause for optimism. But 5.9 per cent inflation is still high and groceries are up another 11.4 per cent. The Bank of Canada governor Tiff Macklem has warned that high inflation acts as camouflage for further unjustified price hikes.


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