The Financial Post reports in its Tuesday, March 3, edition that supply-side shocks are complicating the Bank of Canada's battle against inflation, but the BOC remains committed to its 2-per-cent-inflation target. The Post's Barbara Shecter writes that BOC deputy governor Sharon Kozicki said the world has changed significantly in the past five years. Recent shocks like the COVID-19 pandemic and supply chain issues, particularly with computer chips, have driven inflation as they impact the availability of goods and services across the economy. The inflation rate rose to 8 per cent in 2022 -- its highest level in 40 years -- after the shock of the COVID-19 pandemic and stimulus that followed. Despite recent interest rate increases, many Canadians are still facing a higher cost of living. Meanwhile, U.S. tariffs caused job security concerns for workers in the most affected sectors. "We know that many Canadians feel they've been hit by one shock after another, with no time to find their footing," she said. The BOC must navigate trade tensions alongside factors like artificial intelligence, geopolitical issues, and an aging population, all while aiming to stimulate the economy and keep inflation around 2 percent.