Blog /
The Bank of Canada is behind the curve, starts raising rates more aggressively to control inflation
The Bank of Canada is behind the curve, starts raising rates more aggressively to control inflation
With a major overshoot of inflation now confirmed, the Bank of Canada sees the economy running into a period of persistent excess demand. Even with today’s aggressive move, the Bank’s policy rate remains stimulative, and the broadening of price and wage pressures means medium-term inflation risks are rising.
Check out the rest of Stephen Tapp’s analysis here.
Related News
Five Ways to Protect Your Business Against an Evolving Threat Landscape
This blog was provided by Max Shier, Vice President, Chief Information Security Officer, Optiv. Securing your business against rapidly advancing...
Canadian Chamber Appears Before House of Commons Standing Committee on International Trade
Canadians are frustrated by the affordability crisis: they want to see products move and prices remain stable. This requires business and government sharing the common goal of a functional supply chain and a growing economy.
Time to put reports into action, Chamber tells House Agriculture Committee
On February 17, 2022 the Canadian Chamber’s Senior Director, Transportation, Infrastructure & Regulatory Policy, Robin Guy, appeared at the House...