Inflation expected to top 8%, heralding another supersized rate hike Canada Economy Inflation
last week with the Canadian Federation of Independent Business, Macklem reaffirmed the central bank’s commitment to get inflation back to its two-per-cent target, the midpoint of a target zone of one per cent to three per cent.
Macklem added that the central bank expects the economy to grow 3.5 per cent this year before slowing to 1.75 per cent next year. Despite an expected economic slowdown and decades-high inflation, Macklem said he believes Canada can avoid a 1970s-style stagflation environment because back then, the economy had already been overheated in the years leading up to a decade of high inflation and disappointing economic growth.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation expected to top 8%, heralding another supersized rate hikeInflation expected to top 8%, heralding another supersized rate hike — via financialpost Canada Economy Inflation
Read more »
Inflation expected to top 8%, heralding another supersized rate hikeInflation expected to top 8%, heralding another supersized rate hike — via financialpost Canada Economy Inflation
Read more »
Inflation expected to top 8%, heralding another supersized rate hikeInflation data likely to pile pressure on Bank of Canada to hike interest rate higher. Read on
Read more »
Inflation expected to top 8%, heralding another supersized rate hikeInflation data likely to pile pressure on Bank of Canada to hike interest rate higher. Read on
Read more »
Canada goes 'nuclear' with supersized 1% interest rate hike -- will the Fed follow?With inflation burning as hot as a \u0027four\u002Dalarm fire,\u0027 Canada\u0027s central banker is moving aggressively to tamp it out. But it leaves their
Read more »
Rob Carrick on your money (part 2)CTV's Leanne Cusack and Rob Carrick have more information on mortgage rates, inflation, and interest rates.
Read more »