Canada’s Carney forecasts moderation in domestic growth

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Mark Carney, the governor of the Bank of Canada, on Wednesday said economic growth in Canada would slow to more modest rates due to global supply chain disruptions and higher energy prices.

At a hearing before the Senate Committee on Banking, Trade and Commerce in Ottawa, Canada, Carney said temporary factors such as supply chain disruptions were expected to have a dampening effect on automotive production and the drag from adjusting to higher energy prices would also impact consumer spending in

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