Financial Post: Bank of Canada swerves in ‘game of chicken’ with inflation: What economists say

“Do rates need to be higher? Or do we just need to wait longer for them to work? Increasingly, I think the answer is the latter,” economist says.

Half of businesses say their costs are rising, and many plan to pass them on to consumers.

Canadian business insolvencies in the second quarter hit their highest level in a decade, suggesting high inflation and interest rates are starting to bite into bottom lines.