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Posted on Jul 03, 2024

Read the news story above by clicking on the links in the footnotes. Answer the following questions: 1. Explain what is happening in this news

Read the news story above by clicking on the links in the footnotes.

Answer the following questions:

1. Explain what is happening in this news story. Give a brief summary.

2. What is the relationship between interest rates and inflation?

3. In your opinion, is the Bank of Canada taking the correct actions to combat inflation? Why or Why Not? What SHOULD they be doing?

https://www.cbc.ca/news/business/bank-canada-governor-inflation-warning1.6523052 2 Source: CBC News Online, https://www.cbc.ca/news/business/bank-of-canada-rate-hike-1.6518161

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