-4Over the last two years, the pandemic and the war have affected lives and livelihoods. They have also had a profound impact on inflation. Our job at the Bank of Canada is to restore price stability. Global inflation may be starting to ease In the last two months, headline inflation in Canada has come down to 7%. This largely reflects lower gasoline prices.
The sheer financial muscle and reach of the CSFs speak of the tremendous potential of the Program.   The total trust fund of the eleven (11) CSFs have reached P98 million, including P51 million contributed by the cooperatives and NGOs. This translates to a total potential loan of P511 million at any one time.