Bank Warning On Gas Prices

The Bank of Canada says it is worried by rising gas prices and will hike interest rates again this fall “if needed.” The Bank yesterday held its prime rate on interbank loans at five percent, the highest in 22 years: “With the recent increase in gasoline prices, inflation is expected to be higher in the near term.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top