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For many months now, people have been calling on the federal government to do something about skyrocketing prices. Last week, Finance Minister Chrystia Freeland unveiled the Liberals’ plan to tackle inflation, which is now creeping up to nearly 7 per cent.
But is it enough? And what tools does the federal government actually have to help correct prices in grocery stores and at the pump? Bill Curry, the Globe’s Deputy Ottawa Bureau Chief, explains the limits to the levers that the governing Liberals can pull on for this economic quandary.