Skip to content
Subscriber Only
Markets
Economics

Inflation Forces the Bank of Canada’s Hand Ahead of Fed and ECB

  • Markets don’t yet see Macklem as canary in stimulus coal mine
  • Stricter mandate, faster jobs recovery set Canadian bank apart
Tiff Macklem stresses that the Bank of Canada’s commitment is not to raise interest rates before the economy fully recovers.
Tiff Macklem stresses that the Bank of Canada’s commitment is not to raise interest rates before the economy fully recovers.Photographer: Adrian Wyld/Canadian Press/Bloomberg
Updated on

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here

The Bank of Canada sent out a warning to investors this week that inflation still matters.