Canada’s inflation battle could come at a high cost

Episode 158 of Down to Business podcast

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As inflation rises to nearly four decades and the price of everything from gasoline to food rises, the Bank of Canada and other central banks are raising interest rates faster than anyone could have predicted in an effort to cool the economy.

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This week in Down to Business, Benjamin Tal, deputy chief economist at CIBC World Markets, and James Orlando, director and senior economist at TD Economics, discuss inflation, interest rates, the prospect of a recession, and the housing market.

Higher interest rates are driving monthly mortgage payments up, which is why some people say the housing market may be on a correction. But are structural changes imminent that will lead to long-term shifts in the housing market?

In the meantime, will higher interest rates cool inflation, but eventually cause a recession? Find out in this week’s episode.

  • Down to Business will take a three-week break and new episodes will begin on July 27.

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