No consensus inflation
A new Yahoo/Maru Public Opinion survey released today reveals there is no clear consensus among Canadians as to what the leading cause is for fueling the fastest increase in the cost of living in over three decades.
Canada's inflation rate hit a three-decade high of 6.7 percent in March, well above what the central bank projected in its January monetary policy report. The head of the Bank of Canada has ventured that despite a recently announced rise in the lending rate, the economy is overheating, creating domestic inflationary pressures, and higher interest rates may be needed soon to cool things down.