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Scotiabank's model forecast declines as supply issues dog sales in May

Fiscal policy should be used alongside monetary policy to win inflation fight, Scotiabank says

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Increase labour force participation among those 50 and older: Scotia

map of Canada

Disappointing export numbers drive down the bank's model forecast

As inflation outpaces wages, consumption will be curbed, Scotiabank says

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Inflation above 7% in the second half of this year would lead to a monetary policy-induced recession, Scotiabank says

  • By: IE Staff
  • April 28, 2022 April 28, 2022
  • 10:49
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A mix of moves occurred this week, with Tiff Macklem and Grant Vingoe taking on new roles

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

War in Ukraine to have divergent effects on world's economies

However, omicron effects weigh on the outlook

growth

A change to the Bank of Canada's mandate represents an undervalued risk