MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said Thursday. In[...]

Read More about BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s

OTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank of San Francisco, deputy governor[...]

Read More about Bank of Canada deputy governor says near term inflation higher amid Ukraine war
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