After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility. “We’re on the razor’s edge here,” David Macdonald, a senior economist at the Canadian Centre for Policy Alternatives told CTV News Channel’s Marcia MacMillan on Wednesday. “The danger is that it doesn’t take a lot to push us into negative territory.” Macdonald says Canada has been “skating along” since February when the economy began to stagnate, but there hasn’t been a big decline in real GDP, an economic metric used to show the economic output of the count
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