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Bank of Canada to ensure a full economic recovery

OTTAWA (CU)_Over the past few months, many economies across the globe have been starting to recover from some of the worst effects of the pandemic, with borders reopening and lockdown restrictions being lifted. However, this has meant that most of these countries are seeing a period of fast inflation, with annual inflation having exceeded the central banks’ top end target between the 1 per cent and 3 per cent range. This is particularly on account of rising gasoline prices, supply-chain bottlenecks and other factors related to pandemic reopening.

The situation is no different in Canada, as food prices increased by 2.7 per cent over the past year. Nevertheless, economists say that the Bank of Canada would most likely let…

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