When the Bank of Canada increases interest rates, the rate of inflation should increase because it will cost more to borrow money.

Name: When the Bank of Canada increases interest rates, the rate of inflation should increase because it will cost more to borrow money.
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When the Bank of Canada increases interest rates, it is done to control inflation. Higher interest rates make it more expensive to borrow money, which can lead to decreased spending and a decrease in inflation.

When the Bank of Canada Increases Interest Rates, the Rate