The Bank of Canada's inflation dilemma

The Bank of Canada is grappling with a tough decision as the nation's economy weakens while inflation surges. Raising interest rates could exacerbate the economic slowdown, but not doing so risks letting inflation spiral out of control. With a crucial decision on the table for Wednesday, the central bank's choice will have significant implications for both economic growth and consumer prices, underscoring the delicate balance it must maintain to stabilize the economy.