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.Photographer: Adrian Wyld/Canadian Press/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Theophilos Argitis and Ye Xie

April 22, 2021 at 7:58 PM UTC

Updated on

April 23, 2021 at 11:33 AM UTC

This article is for subscribers only.

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.