Trudeau reassures Canadians of efforts to tackle rising cost of living amid Bank of Canada’s decision

Prime Minister Justin Trudeau reassured Canadians on Wednesday of his government’s efforts to tackle the rising cost of living crisis as the Bank of Canada announced its decision to increase its key interest rate to 2.5 per cent, a 20-year-high. Trudeau said global events such as the pandemic and supply chain issues and the Russian invasion of Ukraine were to blame for the current situation.

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