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Inflation is at a 2.5% pace, a 4-year high.  Stats Can says mortgage costs are the main culprit.

Now the Bank of Canada may have another inflation worry:  oil.  CIBC World Markets predicts oil will hit $100 a barrel by 2009. 

It may sound alarmist but, if CIBC is right, it could take more than one or two more rate hikes to control inflation.

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Inflation is at a 2.5% pace, a 4-year high.  Stats Can says mortgage costs are the main culprit.

Now the Bank of Canada may have another inflation worry:  oil.  CIBC World Markets predicts oil will hit $100 a barrel by 2009. 

It may sound alarmist but, if CIBC is right, it could take more than one or two more rate hikes to control inflation.

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