Bank of Canada ‘Losing the Fight’ Against Inflation, Says Scotiabank Economist

Bank of Canada ‘Losing the Fight’ Against Inflation, Says Scotiabank Economist
People pass the Bank of Canada building on Wellington Street in Ottawa in this file photo. The Canadian Press/Justin Tang
Noé Chartier
Updated:
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The Bank of Canada (BoC) needs to continue hiking interest rates or face losing the battle against inflation, says a Scotiabank executive.

“I’m of the ongoing view that politics and pressures aside, it needs to crush inflation risk and remain adherent to its principal mandate,” Derek Holt, Scotiabank vice president and head of Capital Markets Economics, wrote in an Aug. 15 note.
Noé Chartier
Noé Chartier
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Noé Chartier is a senior reporter with the Canadian edition of The Epoch Times. Twitter: @NChartierET
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