Business2 sources
Bank of Canada Faces Inflation Dilemma Amid Weak Economy
- Canada's economy is weak, but inflation is rising.
- The Bank of Canada must choose between raising interest rates or lowering them.
- Raising rates could further weaken the economy, while lowering them could worsen inflation.
- The central bank will decide on this issue on Wednesday.
- The dilemma is influenced by stubborn inflation caused by oil prices.