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How does Canada protect against inflation?
Rounding it up
Inflation in Canada is a measure used to determine the success of Canadian monetary policy.
The inflation rates rose to 4.1% in August last year, recording the highest inflation rate since 2003.
Currently, inflation in Canada is higher than normal.
In 2021, the main areas affected by inflation included energy costs like gasoline and fuel, food, and homeownership.
There are measures that Canada has taken to hedge the inflation effects and protect its citizens.
The Bank of Canada and the Government of Canada set an inflation target of 2%
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