Episode 174 of Down to Business podcast
Is Bank of Canada governor Tiff Macklem nearing the end of rate hikes? Photo by REUTERS/Patrick Doyle Inflation is still around seven per cent in Canada, which is way above the Bank of Canada’s two per cent target.
Advertisement 2 This advertisement has not loaded yet, but your article continues below.
But last week, the Bank raised interest rates by 50 basis points below market expectations of a 75 bps hike. Was governor Tiff Macklem and his team signalling that it is reaching the end of its rate-raising cycle?
Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300
This week on Down to Business, Financial Post editor-in-chief Kevin Carmichael discusses whether the economy has reached an inflection point yet and how far along he thinks the Bank of Canada is in its rate raising cycle, given that inflation remains elevated.
Carmichael, who has reported on monetary policy in both Canada and the U.S., says what is happening in the economy right now is unlike anything seen before.
As always, the interview is edited for clarity and brevity.
Listen on Apple Podcasts, Spotify, Stitcher and YouTube where you can also subscribe to get new episodes every Wednesday morning.
If you have any questions about the show, or if there are topics you want us to tackle, email us: downtobusiness@postmedia.com.
• Email: gfriedman@postmedia.com | Twitter: GabeFriedz
Recommended from Editorial Consumers can now get charged for using credit cards in Canada. What does this mean? ‘The missing middle:’ How Toronto became the biggest housing bubble in the world Exposing the dark side of the green transition