Canada's c bank warns of spike in inflation

CANADA - The Bank of Canada said Wednesday economic growth will be lower than expected in the short term but inflation could still double the bank's target by year-end, as Canada continues to be pulled in opposite directions by uncertain global markets and strong domestic demand.

In a report economists said pointed to steady interest rates in the near term, but aggressive hikes in 2003, the bank said global economic, financial and geopolitical uncertainties would moderate the economy during th

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