The bank of Canada is operating textbook econ 101 here in hiking rates in anticipation of inflation going higher 12-16 months in the future, because we're operating at full capacity right now in Canada and it looks like we're going to continue.
More Quotes from John Anania:
We're looking for a relatively good year in 2006, given that wages are up and the labor market is fairly tight.John Anania
Most of the jobs created were full-time, the employment rate (percentage of the population 16 years of age and over) remains near all-time highs at 62.7, while the participation rate found a way to rise by 0.1 percentage point to 67.2, again near an all-time high.
John Anania
If we see them increasing their outlook for the world economy in terms of growth and we see that feed into Canada, it may justify another rate hike to 4.50.
John Anania
Readers Who Like This Quotation Also Like:
Based on Topics: Future QuotesBased on Keywords: econ, hiking, textbook
Bill Evans is a real serious jazz pianist who, in my book, crossed over boundaries in terms of color. He used the piano as his canvas.
Roberta Flack
We are just an advanced breed of monkeys on a minor planet of a very average star. But we can understand the Universe. That makes us something very special.
Stephen Hawking
If the material is challenging, it forces you to challenge yourself when handling it.
Joel Coen