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Inflation trap in Canada through tax and rate policy
The piece argues Bank of Canada governor John Crow defends high rates by citing inflation, while Statistics Canada attributes the rise to higher taxes. It notes 5.4% inflation in June, compares it with the U.S. and Britain, and highlights the cycle of blame between government actions and inflation.
MENTIONED IN THIS ARTICLE
Canada
Bank of Canada
John Crow
Statistics Canada
U.S
Britain
StatsCan
Michael Wilson
Paris
Wilson
Crow
U.S. Federal Reserve
Alan Greenspan
America
Woods Gordon