The tool most frequently used by the Bank of Canada to control inflation is interest rates.

Name: The tool most frequently used by the Bank of Canada to control inflation is interest rates.
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The Bank of Canada adjusts the key interest rate, known as the overnight rate, to influence borrowing, spending, and investment decisions in the economy, which in turn affects inflation. Therefore, interest rates are the primary tool used by the Bank of Canada to control inflation.

The Tool Most Frequently Used by the Bank of Canada