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'Holy grail' of soft landing back in play | Advisor's Edge With positive signs on inflation, a recession this year is less of a sure thing

Higher interest rates are likely to hurt.

Bank of Canada says higher interest rates still needed to tame inflation — Reuters Canada Inflation in Canada remains too strong, and higher interest rates will be needed to cool the overheating economy, Bank of Canada Governor Tiff Macklem said in testimony at the House of Commons on Wednesday.