"History taught the Bank of Canada what happens when it doesn’t control high inflation"

"In 1973, adverse weather sparked a global food shortage and an embargo on OPEC oil drove energy prices..." (Mallees, 2022) 

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References:
Mallees, Nojoud Al. (2022, July 21st) History taught the Bank of Canada what happens when it doesn’t control high inflation. Retrieved from Toronto Star: https://www.thestar.com/business/2022/07/21/history-taught-the-bank-of-canada-what-happens-when-it-doesnt-control-high-inflation.html