BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike
ORIGINAL · NewsquawkBoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hikeRead originalHide original
Investment forecasts may be conservative, while firms are facing rising cost pressures. No pre-determined path for rates. It is always a difficult decision any time the direction changes. Inflation is looking less likely to be well-contained.
Macklem cited increased energy-sector investment, a policy rate he says remains growth-supportive, rising firm cost pressures, and less-contained inflation risks, with no preset rate path.
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Investment forecasts may be conservative, while firms are facing rising cost pressures. No pre-determined path for rates. It is always a difficult decision any time the direction changes. Inflation is looking less likely to be well-contained.
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