Former Bank of Canada governor Stephen Poloz says Canada’s economy is at a greater risk of a 'hard landing' — a rapid economic slowdown following a period of growth and approaching a recession.
Former Bank of Canada governor Stephen Poloz says Canada’s economy is at a greater risk of a “hard landing” — a rapid economic slowdown following a period of growth and approaching a recession.inflation cooled to 5.2 per cent in February
“The risk of a hard landing has definitely gone up, given that so much has already happened, and we're still waiting for the rest of the effects of interest rate rises to work their way through,” he said, adding he is “heartened by the response of the supply side of the economy.” Poloz however called last year’s federal budget a “missed opportunity” to “have a different mix” of spending, and in doing so “lower the trajectory of the Bank of Canada’s interest rates.”
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