Bank of Canada Officials Must Testify Before Senate Committee

Source: Staff The Canadian Press, Nov 1, 2022

Canada’s annual inflation rate was 6.9 per cent in September but has been steadily declining since reaching its highest rate this year of 8.1 per cent in June.

Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers are expected to testify before the Senate banking committee Tuesday evening.

Last week, the central bank raised interest rates for the sixth consecutive time this year.

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