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Biden administration

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The head of the Bank of Canada is warning that the faster pace of price increases may persist longer than first thought, and slow the pace of Canada's economic recovery, as global supply-chain issues weigh on the domestic economy.

The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment on Thursday, August 5, 2021, from the industry that electric vehicles comprise up to half of U.S. sales by the end of the decade.