Even though core inflation is weak, the Bank of Canada believes faster consumer price increases are on the way, but there are serious risks if that forecast is wrong
For the first time since oil prices crashed, strong job growth has the Bank of Canada worried about inflation, meaning higher interest rates are coming
The Bank sees no financial crisis in the country’s immediate future, but warns a downturn in Toronto and Vancouver house prices would depress Canada’s overall growth
People are exuberant about the economy, even though the hard data is starting to signal otherwise. That’s making the Bank of Canada’s job very difficult