Bank of Canada warns on inflation rate

CANADA - The Bank of Canada said yesterday inflation would remain higher than expected until the middle of 2003 but analysts said it was still too close to call whether the bank will raise interest rates at its next policy announcement on 16 October.

Charles Freedman, deputy governor of the central bank, said higher prices for electricity, oil, and auto insurance premiums have boosted the consumer price index in recent months and higher grain prices will add more pressure, the Financial Post r

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