Canada's Dodge warns of rising inflation

Bank of Canada governor David Dodge warned Thursday that inflation pressures are greater than expected and that the inflation rate could hit an 11-year high of 4.5 per cent this winter.

Further, inflation is now expected to remain above the bank's two per cent target for the entire year, and into 2004, Dodge said after releasing the bank's Monetary Policy Report.

And despite mounting evidence of slower growth in the Canadian economy and political and economic uncertainty abroad, the bank will

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