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Inflation forces Bank of Canada s hand ahead of Fed and ECB

Inflation forces Bank of Canada s hand ahead of Fed and ECB
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Inflation forces the Bank of Canada s hand ahead of the Fed and ECB

Article content The Bank of Canada sent out a warning to investors this week that inflation still matters. In a surprise move, it accelerated the timetable for a possible interest-rate increase and began paring back its bond purchases on Wednesday. That made Canada the first major economy to signal its intent to reduce emergency levels of monetary stimulus. We apologize, but this video has failed to load. Try refreshing your browser. Inflation forces the Bank of Canada s hand ahead of the Fed and ECB Back to video It’s a turn in policy by Governor Tiff Macklem that shows there’s a limit to how much he’s willing to test the upper boundaries of inflation, with new forecasts showing the central bank expects the biggest persistent overshoot of its 2 per cent target in at least two decades. The question is whether Canada’s situation is unique, or foreshadowing the start of a global exit from stimulus.

Inflation forces the Bank of Canada s hand ahead of Fed and ECB

Inflation forces the Bank of Canada s hand ahead of Fed and ECB
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Trudeau s Pre-Election Bet Hinges on Fast Growth, Low Inflation

Trudeau’s Pre-Election Bet Hinges on Fast Growth, Low Inflation Bloomberg 54 mins ago Justin Trudeau’s government released a budget that promises big spending on new social programs and a return to small deficits by 2025, setting the stage for a possible election in Canada this year. After running one of the largest shortfalls of any developed country last year, Finance Minister Chrystia Freeland outlined plans Monday for a national childcare program, the centerpiece of C$101 billion ($80.6 billion) in new policy actions over the next three years. The budget also includes extensions of pandemic-relief programs as well as more cash for pensioners, low-income workers, subsidies for businesses, help for students, and billions for health care more than 200 new measures in all.

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