News of the day: Bank of Canada, cottage country, CRA disagreements, BMO’s U.S. business, duty free troubles and more

Bank of Canada senior deputy government Carolyn Rogers acknowledged Thursday that the persistence of inflation following the pandemic surprised central bankers. Photo by HYUNGCHEOL PARK/PostmediaArticle contentIt’s Thursday, March 26. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentBank of Canada better at handling supply shocks after ‘difficult’ inflation lesson, says deputyArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentSoaring oil prices are raising concerns among economists that inflation there will spread to other segments of the economy. Against that backdrop, Bank of Canada senior deputy government Carolyn Rogers acknowledged Thursday that the persistence of inflation following the pandemic surprised central bankers and delayed raising interest rates. She said the central bank took important lessons from that recent “difficult” experience.Article contentArticle contentRead the storyArticle contentArticle content Limited supply is continuing to push recreational property prices higher. Photo by Getty ImagesArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentCottage prices expected to rise this year as supply stays tight: Royal LePage reportArticle contentThe work-from-home boom that drove buyers into Canada’s cottage market during the COVID-19 pandemic is now fading as some families return to city life, but limited supply continues to push recreational property prices higher, says real estate brokerage, Royal LePage.Article contentLatest EntrepreneurScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content For individual taxpayers, the deadline for filing an objection is one year from the normal filing due date or 90 days after the date printed on the Notice of Assessment, whichever is later. Photo by Getty ImagesArticle contentDisagree with CRA’s notice of assessment? Make sure to file your objection by the deadlineArticle contentOnce you get your Notice Of Assessment, take a close look to verify that the Canada Revenue Agency has assessed your tax return the way you expected. If not, you have the formal right to object and, ultimately, to your day in court.Article contentSecond ListsScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content Deepening client relationships is another aspect Bank of Montreal is focusing on as it tries to achieve its return on equity target in the next three years. Photo by Cole Burston/BloombergArticle contentBMO aims to increase business in the U.S., return on equity to more than 15% by 2028Article contentThe Bank of Montreal says it wants to boost its return on equity to more than 15 per cent by 2028 by bolstering its business in the United States, deepening client relationships, increasing the use artificial intelligence.Article contentRead the storyArticle contentArticle content Liz Bucar, sales supervisor at the Tunnel Duty Free Shop in Windsor, Ont. Photo by WINDSOR STAR - DAN JANISSEArticle contentDuty free stores suffering ‘severe impact’ from U.S. travel boycott, with revenue losses of up to 50%Article contentThe duty free shops at Canada’s land borders depend entirely on cross-border traffic into the United States, and the downturn is placing extreme pressure on small businesses in border communities across the country.Article contentRead the storyArticle contentTrending Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Why market bets for interest rate hikes in Canada are so high Economy LNG Canada signs key pipeline agreement required for phase two expansion Energy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Why market bets for interest rate hikes in Canada are so high Economy LNG Canada signs key pipeline agreement required for phase two expansion Energy