The Bank of Canada is no longer as worried about inflation!

Until the global economy is on a more solid track, the Bank of Canada is being very patient in raising rates. It hinted at rate hikes for July and September, neither of which materialized. Now the Bank is no longer as worried that low interest rates will trigger inflation, and therefore the need to withdraw monetary stimulus has diminished.

This article is curtsey of Benjamin Tal Economic Buzz Fall 2011.

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