But Fed board member says current environment differs from past inflationary periods in four ways
Pace of increase should get closer to normal: Desjardins chief economist
Canada among the strongest in the G7 for growth in 2022
Inflation slowed to 5.9%, down from 6.3% in December
Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports
TD, CIBC predicting 6.2% and 6.4% respectively for January Canadian inflation
Economic “distortions” result when inflation remains above 2% target
Tighter funding conditions are squeezing upstarts, benefiting traditional firms
BoC ready to raise rates further if inflation sticks around
Wage demands could moderate with economy in “middling phase”