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The Bank of Canada only has one tool: the sledgehammer of interest rates. You can guess who gets hurt the most when they use it. It’s not the bankers.
Key words: Monetary policy; banks; inflation; interest rates
By Patrick Esmonde-WhiteThe Bank of Canada only has one tool: the sledgehammer of interest rates. You can guess who gets hurt the most when they use it. It’s not the bankers.
Key words: Monetary policy; banks; inflation; interest rates