‘Not Out of the Woods Yet’: Freeland Warns of Economic ‘Bumps’ Ahead

‘Not Out of the Woods Yet’: Freeland Warns of Economic ‘Bumps’ Ahead
Deputy Prime Minister and Finance Minister Chrystia Freeland rises during question period in the House of Commons on Parliament Hill in Ottawa on Feb. 13, 2023. The Canadian Press/Patrick Doyle
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Despite getting through the worst of the pandemic, Deputy Prime Minister Chrystia Freeland says Canadians are “not out of the woods yet” and should brace for a number of economic “bumps” ahead due to high inflation and interest rates.

Speaking to reporters in Mississauga, Ont., on March 8, Freeland addressed the Bank of Canada’s pause on interest rate hikes announced earlier the same day.