BoC ready to raise rates further if inflation sticks around
Annual wage growth drops to 4.5%, below inflation rate of 6.3%
The BoC will be ready to raise rates further if inflation proves to be more stubborn than expected
Wednesday's summary is expected to shed light on the governing council's most recent rate decision
Annualized Q4 growth at 1.6%, slowdown in housing-related orders
Economists expect unemployment to rise as businesses and consumers curb spending
Wage-price spiral risk down, inflation forecast to fall to 2% by 2024
For now, the central bank's worries are far removed from fears of deflation
“If things get out of hand” BoC “might have to raise rates again,” says TD’s Orlando
The annual inflation rate slowed last month to 6.3%