Surfside collapse property owners bumped up to US$96M: judge

Surfside collapse property owners bumped up to US$96M: judge

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When will inflation peak? Here’s what economists have to say

As inflation continues to soar, economists say Canadians will have to curb their spending and adjust for higher interest rates. In a report released this week, Statistics Canada said Canada’s year-over-year rate of inflation hit 7.7 per cent in May, the highest it has been since 1983.

A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. (THE CANADIAN PRESS/Adrian Wyld)

Hot inflation opens rare attack on Bank of Canada

The Bank of Canada has come under a rare attack from critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacting swiftly as prices surged and Canada's economy began to overheat.

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