Bank of Canada troubled by high gas prices, warns of hike risk

By Erik Hertzberg (Bloomberg) — The Bank of Canada’s governing council warned that it may need to hike interest rates, saying the longer gasoline prices remain elevated, the more likely that would pass through to other goods and services. Policymakers held the policy rate at 2.25% for a seventh consecutive time when they met earlier … 

By Erik Hertzberg (Bloomberg) — The Bank of Canada’s governing council warned that it may need to hike interest rates, saying the longer gasoline prices remain elevated, the more likely that would pass through to other goods and services. Policymakers held the policy rate at 2.25% for a seventh consecutive time when they met earlier …  CMT News 

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