Bank of Canada: Discussed the long-term impact of oil shocks on the CPI at the March monetary policy meeting, but it is still too early to make a judgment.
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Central bank officials agreed that they can take their time to observe how the Iran war (launched by the US and Israel) will unfold. In addition to the Iran war, risks faced by the Canadian economy also include the United States-Mexico-Canada Agreement (USMCA), among others.
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