Former governor said it's "impossible to say" if the Bank of Canada is overshooting with its rate hikes
Mortgage interest, gas and grocery costs are rising but inflation slowed to 6.9% from 8.1% in June
Statistics Canada will release its October inflation report on Wednesday
BoC governor said increasing supply in the economy will help ease inflation
Corporations could choose to reward shareholders through dividends instead
Wages up 5.6% from last year, a point below inflation; hiring continues in construction, manufacturing, hotels, restaurants
Forecasters are expecting higher interest rates to trigger a recession
The finance minister has warned not to expect more stimulus that would further fuel inflation
Key rate now 3.75%, up from 0.25% in March
Businesses expect to raise prices more slowly and for wage increases to soften