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How a Rate Hike Could Impact Canada’s Economy | VIDEO

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8% of Canadians fear bankruptcy ahead of Bank of Canada decision

Despite the pickup in inflation and wages since the beginning of this year, monetary authorities expect only one rate increase in July. Much of the concern is that a trade war will do even more damage to an economy that is already expanding at a weak pace. Pedro Antunes, deputy chief economist at the Conference Board of Canada, discusses the impact of a rate hike, the forecast of the Canadian economy for the rest of 2018 and 2019, and the state of Canada’s export sector.

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