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March 2022 Consumer Price Index data: Flashing red! At 6.7%, let’s hope Canadian inflation has finally peaked

March 2022 Consumer Price Index data: Flashing red! At 6.7%, let’s hope Canadian inflation has finally peaked

With inflation now running at 6.7%, price pressures broadening, and a significant overshoot expected in the next two years, the Bank of Canada has a real problem on its hands.