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Bank of Canada should stop hiking interest rates now: Benjamin Tal

Bank of Canada should stop hiking interest rates now: Benjamin Tal

Watch: CIBC deputy chief economist says more rate hikes will cause a recession

Published Jul 23, 2023  •  Last updated Jul 23, 2023  •  < 1 minute read

Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa.
Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa. Photo by DAVE CHAN/AFP via Getty Images files

Benjamin Tal, deputy chief economist at CIBC, talks with the Financial Post’s Larysa Harapyn about the latest inflation data, the impact on the Bank of Canada‘s next interest rate decision, why he thinks the central bank has started overshooting with rate hikes and why more will cause a recession.

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