4min chapter

The Loonie Hour cover image

The Hits Keep Coming, Bank of Canada Delivers Another Rate Hike

The Loonie Hour

CHAPTER

The Bank of Canada's Frustration With Fiscal Stimulus

I would suspect, you know, they are they have a lot of frustration. One of the biggest single contributors to inflation here in Canada and the strength of some underlying markets is population growth. It's also the fiscal stimulus and that's coming from governments as well. All of these like inflation today, it's not a problem. It's a symptom of a much bigger problem. And until this pendulum swings, we should expect to see this,. which means you got to expect the Bank of Canada to remain frustrated.

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