Abstract:Since 2022, the global energy prices have been increasing, leading to a rise in the price index. This has resulted in inflationary pressures in major economies such as Canada, leading national governments to implement interest rate hikes as a coping strategy. This paper focuses on the Canadian economy and analyzes its inflation performance, strategies for raising interest rates, the price level, and the labor market. Using economic data from Canada, the Commonwealth of Nations, and past literature, the study f… Show more
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