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Media Release
Toronto, July 28 – While the Bank of Canada expects the Canadian economy to return to full employment by the middle of 2012, its critics have stressed the need to raise interest rates to a “neutral” value by then to keep inflation stable. But defining this neutral level, normally associated with full employment, is a bit of a smoke and mirrors game, according to a report from the C.D. Howe…
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Christopher Ragan, Special To The Financial Post · Feb. 17, 2011
The Canadian government will soon unveil two crucial economic documents: the annual budget and a renewal of the inflation-targeting agreement with the Bank of Canada. The budget will appear in March and, if past history is a guide, it will likely contain the government's intentions for the new inflation-targeting agreement.…