Bank of Canada strategy to tame inflation is out of date, says economist
January 25, 2023 by News Desk
CBC News published this video item, entitled "Bank of Canada strategy to tame inflation is out of date, says economist" – below is their description.
Economist Armine Yalnizyan says the kinds of inflationary pressures that exist today make it extremely difficult for the Bank of Canada to tame inflation to about 2 per cent through interest rate hikes.
CBC News YouTube Channel
About This Source - CBC News
CBC News is the division of the Canadian Broadcasting Corporation responsible for the news gathering and production of news programs on the corporation's English-language operations, namely CBC Television, CBC Radio, CBC News Network, and CBC.ca.
CBC News is the largest news broadcaster in Canada. It frequently collaborates with its French-language counterpart, Radio-Canada Info, although the two are organizationally separate.
Recent from CBC News:
Video of fatal beating of Tyre Nichols can trigger trauma-related symptoms, sociologist says
Quebec City remembers victims of mosque attack, Blinken to Middle East | The World This Weekend
U.S. authorities arrest 3 more men in plot to kill Iranian journalist Masih Alinejad
In This Story: Canada
Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world's second-largest country by total area.
Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world's longest bi-national land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.
Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.
As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.
2 Recent Items: Canada
Avalanche risk in Canadian Rockies at a 20-year high
In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
5 Recent Items: Inflation
Federal Reserve Set to Shrink Rate Hikes Again as Inflation Slows
Category: Business, Finance
Category: Energy, News, Oil & Gas
Hong Kong homelessness rates rise due to inflation
Winner of Czech presidential election, Pavel, thanks supporters
Einar Tangen: 2023 will be a difficult year for the U.S.
Categories News Tags Bank, Canada, Inflation
Energy crisis 'not quite as bad as a lot of the market expected,' strategist says
US to follow Germany in sending tanks to Ukraine – BBC News