Increasing rates is done in order to reduce demand.
When you see inflation on necessities like food and shelter, what are you going to do to reduce demand?
Inflating prices on necessities doesn't reduce demand, it reduces people's ability to get what they need.
Because of Canada's size and how spread out the population is, we have to accept that things will be more expensive here. But more needs to be done to address the issue of inflation.
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