News Snapshot:
inflation-macklem-gs0517 An unexpected resurgence in inflation has markets eyeing interest rate hikes again, with at least one economist arguing there is a case to be made for the Bank of Canada to act as soon as its next meeting on June 7. Scotiabank economist Derek Holt said the central bank is in a “race against the clock” with high prices. “If the BoC doesn’t adopt the crush it, killer mentality, then it may never succeed in getting inflation down to two per cent,” he said in a note to clients on May 17. Statistics Canada reported on May 16 that...
