Canada is seeing 30-year highs in our inflation rate as the global economy recovers from the shock of the COVID-19 pandemic. The Bank of Canada is raising key interest rates in an attempt to rein in inflation, but is it the right move? Is it enough? ‘The West Block’ guest host Eric Sorensen speaks with former parliamentary budget officer Kevin Page to get the ins and outs of monetary policy’s impact on inflation, and wade into Conservative leadership candidate’s pledge to fire the current central bank governor if he becomes prime minister.
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- Firing Bank of Canada head would spark global ‘shock wave’: ex-budget watchdog