The Canadian dollar's fortunes are more tied to interest rates
Fiscal responses to price pressures may hinder post-pandemic consolidation
Broadening of price pressures is "a big concern," the central bank governor said
The rise will increase the cost of loans such as variable-rate mortgages that are linked to the benchmark
If price pressures don't ease, central banks may be forced to get more aggressive, threatening growth
The reading was the largest year-over-year rise since 1982
John Williams, president of the Federal Reserve Bank of New York, sees no ‘compelling argument to take a big step at the beginning’ of steady rate hikes
Positioning, sound policy will help firms weather the inflationary storm
Minutes released Feb. 16 of the U.S. central bank’s policy meeting show most policymakers say faster interest rate hikes are needed if inflation does not move down
Bank of Canada deputy governor Timothy Lane said Wednesday the central bank still expects inflation rates to come down quickly in the second half of the year