Bank of Canada deputy stresses investment’s role in boosting inflation
Central bank halted rate hikes in late 2018 as growth and inflation weakened
Business investment may play a vital role in boosting productivity, wages, and inflation in Canada, said Bank of Canada senior deputy governor Carolyn Wilkins on May 30.
In a speech in Calgary, Wilkins explained the rationale behind the decision taken by the central bank’s governing council to leave interest rates unchanged on May 29.
Over the past few years, the Canadian economy recorded protracted growth, low unemployment and close-to-target inflation. “Unfortunately, several developments at
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