So far, the story of how to cut inflation in Canada down to size has been a very simple one: higher interest rates.
If your budget isn’t squeezed and your mortgage rate isn’t up for renewal, you might say, “Yes, please!” and carry on with your summer.
Now what if I told you that every time the Bank of Canada has tried to fight high inflation with higher interest rates, a recession followed? Like, every single time over the past 60 years.
