70% chance of a soft landing, former Bank of Canada governor says
BNN Bloomberg
A former deputy governor of the Bank of Canada says the central bank’s aggressive rate hikes have effectively slowed the economy, making a soft landing likely, though he cautions that outcome is not guaranteed.
A former deputy governor of the Bank of Canada says the central bank’s aggressive rate hikes have effectively slowed the economy, making a soft landing likely, though he cautions that outcome is not guaranteed.
Canadian inflation accelerated to four per cent in August year-over-year primarily due to higher oil prices.
Should the trend of sticky inflation continue, the chance for a soft economic landing will become less probable, Paul Beaudry, former deputy governor of the Bank of Canada, told BNN Bloomberg in a television interview on Monday.
