Some economists now forecast as many as six or seven quarter-point hikes this year
How inflation affects policyholder behaviour remains to be seen, an analyst with A.M. Best Company Inc. says
Firm now sees seven 25 bps rates hikes in 2022
January's year-over-year increase represented a 40-year high
Invest in worker productivity to create non-inflationary growth, BoC Governor Tiff Macklem tells businesses
Workers' bargaining power is higher than it's been in decades
Growing headwinds include inflation, declining stimulus
Soaring energy prices and rising food costs drove the surge
In contrast, the ECB doesn't plan to raise rates until 2023 despite record inflation
Interest rates need to rise to bring inflation back to 2% target, the Bank of Canada governor told a Senate committee