Bank of Canada Warns Inflation Risks Heating Up
The Bank of Canada is warning that inflation may heat up in the future, increasing concerns about price pressures.
According to the central bank, upside risks to inflation have increased, which could lead to higher prices for consumers and businesses.
The Bank of Canada's warning comes as it left its key interest rate at 2.25%, but experts say a hike may be on the horizon if inflation continues to rise.