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flag Canada's central bank rethinks inflation strategy amid global economic shocks.

flag Bank of Canada officials say they are rethinking their approach to inflation as they face economic shocks from the Iran conflict, U.S. protectionism, and artificial intelligence. flag Senior Deputy Governor Carolyn Rogers admitted the bank underestimated inflation's persistence after the pandemic. flag While the benchmark rate remains at 2.25%, markets are now pricing in a potential rate hike in April due to rising oil prices.

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