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ZT Bank of Canada's rapid rate hikes likely to cause a recession, study finds

The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from the Canadian Centre for Policy Alternatives (CCPA). The study showed that in the last 60 years the central bank has in three cases managed a 5.7 per cent reduction in the inflation rate by quickly raising interest rate, and each case was followed by a recession. The research institute said if the central ba
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