Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says
Posted: Sep 22nd, 2022In: ConstructionNewsOTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation. In[...]
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Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation
Posted: Jun 4th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada may need to raise its key interest rate to three per cent or beyond – more than double its current level – to ensure inflation doesn’t settle in for the long haul, its[...]
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