Canadian Journalism & Political Stories of the Year: Delacourt, Fife and Scoffield
The Herle Burly
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Is the World Economic Forum Coordinating Rates?
Central bankers coordinate what they're doing especially with the United States. They talk a lot, I wouldn't say, well, did they officially collaborate on raising rates and coordinating the rate hikes? Not exactly but they all are certainly heading in the right direction in the same direction for the same reasons. The big Canadian-made problem was talking about forward guidance, like telling people that rates were going to stay low for a long time.
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