The federal government’s decision to spend nearly all of its newly projected windfall revenues gives the Bank of Canada even more free rein to focus on the upside risks to inflation. We therefore remain content with our forecast for two more rate hikes in this tightening cycle, even with oil prices dropping back sharply in recent days.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
