Risk of recession increases as Canada, U.S. move to tame inflation

The U.S. Central Bank is attacking soaring inflation with its biggest rate hike since 1994, bringing its range to between one-and-a-half and one-and-three-quarters of a percent. Canada’s own central bank is signalling it will also do a lot more soon to tackle inflation. Anne Gaviola has more on why this may increase the risk of a recession in North America.

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